The Treasury

Global Navigation

Personal tools

Treasury
Publication

Monthly Economic Indicators

New Zealand Key Economic Data

Quarterly Indicators

Quarterly Indicators
    2009Q3 2009Q4 2010Q1 2010Q2 2010Q3 2010Q4 2011Q1
Gross Domestic Product (GDP)
Real production GDP qtr % chg[1] 0.2 0.9 0.7 0.1 -0.2 0.2 ...
ann ave % chg -2.8 -2.1 -0.7 0.4 1.3 1.5 ...
Real private consumption qtr % chg[1] 0.8 1.0 0.5 0.2 0.4 0.2 ...
ann ave % chg -1.3 -0.7 0.4 1.4 1.9 2.0 ...
Real public consumption qtr % chg[1] 0.3 0.6 1.6 0.4 -0.8 1.2 ...
ann ave % chg 1.9 0.6 0.2 1.1 1.5 2.3 ...
Real residential investment qtr % chg[1] -3.4 5.8 -0.3 10.5 -7.5 -7.2 ...
ann ave % chg -24.8 -18.1 -13.0 -4.3 3.5 2.8 ...
Real non-residential investment qtr % chg[1] -3.4 -1.1 0.1 4.4 0.3 8.3 ...
ann ave % chg -6.1 -8.1 -8.3 -7.1 -3.8 2.2 ...
Export volumes qtr % chg[1] 1.1 -0.6 1.3 0.4 -0.9 2.1 ...
ann ave % chg -1.7 1.7 4.6 4.7 3.7 3.0 ...
Import volumes qtr % chg[1] 1.2 4.7 2.5 0.4 3.4 6.6 ...
ann ave % chg -16.1 -14.6 -9.4 -1.8 5.6 10.2 ...
Nominal GDP - expenditure basis ann ave % chg 0.8 0.7 1.1 2.0 3.1 4.8 ...
Real GDP per capita ann ave % chg -3.8 -3.1 -1.9 -0.8 0.1 0.3 ...
Real Gross National Disposable Income ann ave % chg -1.8 -1.5 0.4 0.8 2.8 4.6 ...
External Trade
Current account balance (annual) NZ$ millions -5946 -5204 -4458 -5707 -4189 -4381 ...
% of GDP -3.2 -2.8 -2.4 -3.0 -2.2 -2.3 ...
Investment income balance (annual) NZ$ millions -8059 -7930 -7627 -9026 -10692 -10588 ...
Merchandise terms of trade qtr % chg -1.6 5.8 6.1 2.0 3.0 0.6 ...
ann % chg -14.1 -8.2 0.1 12.7 17.9 12.2 ...
Prices
CPI inflation qtr % chg 1.3 -0.2 0.4 0.2 1.1 2.3 ...
ann % chg 1.7 2.0 2.0 1.7 1.5 4.0 ...
Tradable inflation ann % chg -0.1 1.5 2.0 1.0 0.3 3.3 ...
Non-tradable inflation ann % chg 3.0 2.3 2.1 2.2 2.5 4.6 ...
GDP deflator ann % chg 0.9 -1.5 0.1 1.6 2.5 5.3 ...
Consumption deflator ann % chg 1.9 1.2 0.8 0.7 1.1 3.0 ...
Labour Market
Employment (HLFS) qtr % chg[1] -0.8 0.1 1.0 -0.3 1.1 -0.5 ...
ann % chg[1] -1.8 -2.4 -0.1 0.0 1.9 1.3 ...
Unemployment rate %[1] 6.5 7.0 6.0 6.9 6.4 6.8 ...
Participation rate %[1] 68.0 68.1 68.1 68.1 68.3 67.9 ...
LCI salary & wage rates - total (adjusted)[5] qtr % chg 0.5 0.4 0.3 0.4 0.5 0.5 ...
ann % chg 2.1 1.8 1.5 1.6 1.6 1.7 ...
QES average hourly earnings - total[5] qtr % chg 0.9 -0.2 -0.4 0.7 1.0 0.5 ...
ann % chg 4.0 2.8 1.0 1.0 1.1 1.8 ...
Labour productivity[6] ann ave % chg -1.1 0.0 2.0 1.9 1.3 0.0 ...
Retail Sales
Core retail sales volume qtr % chg[1] 1.1 0.8 0.3 0.2 0.0 0.0 ...
  ann % chg 0.6 2.2 3.0 2.6 1.5 0.3 ...
Total retail sales volume qtr % chg 1.1 1.2 0.4 0.6 -0.4 -0.4 ...
ann % chg -1.4 0.4 3.2 3.4 1.9 -0.1 ...
Confidence Indicators/Surveys
WMM - consumer confidence[3] Index 120 117 115 119 114 108 98
QSBO - general business situation[4] net % 35.6 30.7 21.9 17.5 6.4 8.1 ...
QSBO - own activity outlook[4] net % 23.0 10.8 14.5 11.3 9.5 11.4 ...

Monthly Indicators

Monthly Indicators
    2010M10 2010M11 2010M12 2011M 1 2011M 2 2011M 3 2011M 4
External Sector
Merchandise trade - exports mth % chg[1] 4.4 0.4 -1.6 2.8 4.6 -0.9 ...
ann % chg[1] 24.2 19.5 12.1 4.7 16.5 11.0 ...
Merchandise trade - imports mth % chg[1] 0.0 4.3 5.6 -1.3 6.7 -0.4 ...
ann % chg[1] 13.3 15.2 16.7 15.4 22.5 16.6 ...
Merchandise trade balance (12 month total) NZ$ million 1259 1363 1172 911 775 631 ...
Visitor arrivals number[1] 210110 211820 214440 218300 209500 ... ...
Visitor departures number[1] 213320 211340 211570 220260 214560 ... ...
Housing
Dwelling consents - residential mth % chg[1] -1.9 8.0 -18.4 9.1 -9.7 ... ...
ann % chg[1] -17.4 -9.1 -26.5 -14.8 -28.9 ... ...
House sales - dwellings mth % chg[1] -9.8 19.8 3.8 -6.8 2.5 4.5 ...
ann % chg[1] -36.0 -14.9 -11.5 -10.0 -10.1 -5.1 ...
REINZ - house price index mth % chg -0.9 1.9 -0.6 -2.6 2.3 0.5 ...
ann % chg -3.5 -1.9 -1.6 -2.6 -0.7 -1.8 ...
Private Consumption
Electronic card transactions - total retail mth % chg[1] 0.9 1.0 -0.9 2.4 -0.2 1.3 ...
ann % chg 4.8 6.3 4.4 5.7 6.2 6.6 ...
New car registrations mth % chg[1] -3.7 13.6 -8.6 0.8 -1.1 -0.2 ...
ann % chg 9.4 23.5 6.4 6.8 2.8 -1.0 ...
Migration
Permanent & long-term arrivals number[1] 7210 7000 6890 7000 6890 ... ...
Permanent & long-term departures number[1] 6680 6410 6180 6560 6430 ... ...
Net PLT migration (12 month total) number 12610 11519 10451 8689 8249 ... ...
Commodity Prices
Brent oil price US$/Barrel 83.34 85.80 91.96 96.95 104.24 114.92 123.01
WTI oil price US$/Barrel 81.90 84.15 89.37 89.52 89.41 102.94 109.81
ANZ NZ commodity price index mth % chg 0.8 1.3 4.5 2.3 2.9 8.1 ...
ann % chg 28.2 15.7 16.1 20.4 15.3 24.2 ...
ANZ world commodity price index mth % chg 3.5 4.5 2.0 3.8 2.7 4.7 ...
ann % chg 31.4 23.7 23.0 27.2 25.9 29.6 ...
Financial Markets
NZD/USD $[2] 0.7501 0.7727 0.7504 0.7653 0.7623 0.7408 0.7849
NZD/AUD $[2] 0.7647 0.7805 0.7573 0.7692 0.7565 0.7333 0.7456
Trade weighted index (TWI) June 1979 = 100[2] 66.70 68.90 67.80 68.70 67.80 65.20 68.15
Official cash rate (OCR) % 3.00 3.00 3.00 3.00 3.00 2.50 2.50
90 day bank bill rate %[2] 3.18 3.17 3.17 3.19 3.13 2.69 2.64
10 year govt bond rate %[2] 5.09 5.49 5.82 5.61 5.56 5.58 5.71
Confidence Indicators/Surveys
National Bank - business confidence net % 23.7 33.2 29.5 40.6 34.5 -8.7 14.2
National Bank - activity outlook net % 30.5 35.3 34.5 40.2 36.6 14.7 29.5
ANZ-Roy Morgan - consumer confidence net % 113.6 114.5 112.2 117.1 108.1 101.4 101.4

 

Abbreviations

qtr % chg
quarterly percent change
mth % chg
monthly percent change
ann % chg
annual percent change
ann ave % chg
annual average percent change

Notes

  • [1] Seasonally adjusted
  • [2] Average (11am)
  • [3] Westpac McDermott Miller
  • [4] Quarterly Survey of Business Opinion
  • [5] Ordinary time
  • [6] Production GDP divided by HLFS hours worked

Sources: Statistics New Zealand, Reserve Bank of New Zealand, ANZ National Bank of New Zealand, NZIER, Datastream, Westpac McDermott Miller.

Page top