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Monthly Economic Indicators

New Zealand Key Economic Data

Quarterly Indicators

Quarterly Indicators
    2009Q2 2009Q3 2009Q4 2010Q1 2010Q2 2010Q3 2010Q4
Gross Domestic Product (GDP)
Real production GDP qtr % chg[1] 0.1 0.2 0.9 0.6 0.1 -0.2 ...
ann ave % chg -2.3 -2.5 -1.7 -0.5 0.6 1.4 ...
Real private consumption qtr % chg[1] 0.2 0.8 1.0 0.5 0.2 0.5 ...
ann ave % chg -1.5 -1.3 -0.7 0.4 1.4 1.9 ...
Real public consumption qtr % chg[1] -1.3 0.3 0.6 1.6 0.5 -0.7 ...
ann ave % chg 2.7 1.9 0.6 0.2 1.1 1.5 ...
Real residential investment qtr % chg[1] -4.6 -3.3 4.4 0.3 11.4 -7.4 ...
ann ave % chg -25.0 -24.8 -18.1 -13.0 -4.3 3.5 ...
Real non-residential investment qtr % chg[1] 1.7 -4.1 -1.6 0.2 4.6 0.0 ...
ann ave % chg -2.8 -4.9 -7.5 -8.5 -7.8 -4.8 ...
Export volumes qtr % chg[1] 4.4 0.8 -0.5 1.3 0.6 -1.1 ...
ann ave % chg -3.3 -1.7 1.7 4.6 4.7 3.7 ...
Import volumes qtr % chg[1] -2.6 0.9 5.8 1.8 0.3 3.0 ...
ann ave % chg -12.0 -16.1 -14.6 -9.4 -1.8 5.6 ...
Nominal GDP - expenditure basis ann ave % chg 1.1 0.9 0.7 1.2 1.9 2.8 ...
Real GDP per capita ann ave % chg -3.2 -3.5 -2.8 -1.6 -0.7 0.1 ...
Real Gross National Disposable Income ann ave % chg -1.6 -1.5 -1.2 0.7 0.9 1.6 ...
External Trade
Current account balance (annual) NZ$ millions -10522 -5946 -5204 -4458 -5707 -5930 ...
% of GDP -5.7 -3.2 -2.8 -2.4 -3.0 -3.1 ...
Investment income balance (annual) NZ$ millions -10794 -8059 -7930 -7627 -9026 -10593 ...
Merchandise terms of trade qtr % chg -9.4 -1.6 5.8 6.1 2.0 3.0 0.6
ann % chg -13.5 -14.1 -8.2 0.1 12.7 17.9 12.2
Prices
CPI inflation qtr % chg 0.6 1.3 -0.2 0.4 0.2 1.1 2.3
ann % chg 1.9 1.7 2.0 2.0 1.7 1.5 4.0
Tradable inflation ann % chg 0.2 -0.1 1.5 2.0 1.0 0.3 3.3
Non-tradable inflation ann % chg 3.3 3.0 2.3 2.1 2.2 2.5 4.6
GDP deflator ann % chg 2.0 0.8 -1.4 0.3 1.6 2.1 ...
Consumption deflator ann % chg 2.8 1.8 1.1 0.8 0.7 1.1 ...
Labour Market
Employment (HLFS) qtr % chg[1] -0.3 -0.8 0.1 1.0 -0.3 1.1 -0.5
ann % chg[1] -0.9 -1.8 -2.4 -0.1 0.0 1.9 1.3
Unemployment rate %[1] 6.0 6.5 7.0 6.0 6.9 6.4 6.8
Participation rate %[1] 68.4 68.0 68.1 68.1 68.1 68.3 67.9
LCI salary & wage rates - total (adjusted)[5] qtr % chg 0.3 0.5 0.4 0.3 0.4 0.5 0.5
ann % chg 2.9 2.1 1.8 1.5 1.6 1.6 1.7
LCI salary & wage rates - total (unadjusted)[5] qtr % chg 0.6 0.9 0.5 0.5 1.0 1.1 1.0
ann % chg 4.6 3.8 2.9 2.5 2.9 3.1 3.6
QES average hourly earnings - total[5] qtr % chg 0.7 0.9 -0.2 -0.4 0.7 1.0 0.5
ann % chg 4.7 4.0 2.8 1.0 1.0 1.1 1.8
Labour productivity[6] ann ave % chg -1.5 -0.9 0.4 2.3 2.1 1.3 ...
Confidence Indicators/Surveys
WMM - consumer confidence[3] Index 106 120 117 115 119 114 108
QSBO - general business situation[4] net % -24.8 35.6 30.7 21.9 17.5 6.4 8.1
QSBO - own activity outlook[4] net % -13.1 23.0 10.8 14.5 11.3 9.5 11.4

Monthly Indicators

Monthly Indicators
    2010M 8 2010M 9 2010M10 2010M11 2010M12 2011M 1 2011M 2
External Sector
Merchandise trade - exports mth % chg[1] -2.4 -2.1 4.2 1.0 -2.4 1.1 ...
ann % chg[1] 14.4 13.0 24.3 19.5 11.2 4.0 ...
Merchandise trade - imports mth % chg[1] -6.4 2.5 0.1 4.4 5.9 -1.7 ...
ann % chg[1] 3.0 6.7 13.3 15.2 17.1 14.9 ...
Merchandise trade balance (12 month total) NZ$ million 871 978 1259 1363 1125 865 ...
Visitor arrivals number[1] 213520 212330 210050 211390 214250 ... ...
Visitor departures number[1] 214450 210310 212320 208390 209650 ... ...
Housing
Dwelling consents - residential mth % chg[1] -17.8 0.8 -2.2 7.9 -18.6 ... ...
ann % chg[1] -3.1 -9.3 -17.4 -9.2 -26.4 ... ...
House sales - dwellings mth % chg[1] -1.7 -5.8 -9.8 19.7 3.9 -6.7 ...
ann % chg[1] -27.1 -33.3 -36.0 -14.8 -11.4 -9.9 ...
REINZ - house price index mth % chg 0.3 -0.3 -0.9 1.9 -0.6 -2.6 ...
ann % chg 0.9 -1.3 -3.5 -1.9 -1.6 -2.6 ...
Private Consumption
Core retail sales mth % chg[1] 0.1 1.6 -1.3 -0.4 -1.2 ... ...
ann % chg[1] 0.8 2.7 1.4 0.5 0.0 ... ...
Total retail sales mth % chg[1] 0.1 1.8 -2.1 1.2 -1.1 ... ...
ann % chg[1] 2.2 4.1 1.6 2.1 0.8 ... ...
New car registrations mth % chg[1] 0.0 2.6 -3.7 13.5 -8.4 0.9 ...
ann % chg 19.0 19.2 9.4 23.5 6.4 6.8 ...
Electronic card transactions - total retail mth % chg[1] -0.7 2.3 0.9 1.0 -0.8 2.4 ...
ann % chg 1.7 5.0 4.8 6.3 4.4 5.7 ...
Migration
Permanent & long-term arrivals number[1] 7000 7200 7210 7010 6900 ... ...
Permanent & long-term departures number[1] 6130 6190 6690 6390 6150 ... ...
Net PLT migration (12 month total) number 14507 13914 12610 11519 10451 ... ...
Commodity Prices
Brent oil price US$/Barrel 76.89 77.94 83.34 85.80 91.96 96.95 104.20
WTI oil price US$/Barrel 76.62 75.27 81.90 84.15 89.37 89.52 89.41
ANZ NZ commodity price index mth % chg -1.5 1.1 0.8 1.3 4.5 2.3 2.9
ann % chg 29.0 26.9 28.2 15.7 16.1 20.4 15.3
ANZ world commodity price index mth % chg -1.4 2.8 3.5 4.5 2.0 3.8 2.7
ann % chg 38.6 32.9 31.4 23.7 23.0 27.2 25.9
Financial Markets
NZD/USD $[2] 0.7154 0.7259 0.7501 0.7727 0.7504 0.7653 0.7623
NZD/AUD $[2] 0.7944 0.7766 0.7647 0.7805 0.7573 0.7692 0.7565
Trade weighted index (TWI) June 1979 = 100[2] 66.60 66.80 66.70 68.90 67.80 68.70 67.80
Official cash rate (OCR) % 3.00 3.00 3.00 3.00 3.00 3.00 3.00
90 day bank bill rate %[2] 3.25 3.18 3.18 3.17 3.17 3.19 3.13
10 year govt bond rate %[2] 5.24 5.28 5.09 5.49 5.82 5.61 5.56
Confidence Indicators/Surveys
National Bank - business confidence net % 16.4 13.5 23.7 33.2 29.5 ... 34.5
National Bank - activity outlook net % 25.7 26.7 30.5 35.3 34.5 ... 36.6
ANZ-Roy Morgan - consumer confidence net % 116.3 116.4 113.6 114.5 112.2 117.1 108.1

 

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] One News Colmar Brunton
  • [5] Ordinary time
  • [6] Production GDP divided by HLFS hours worked

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

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