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Monthly Economic Indicators

New Zealand Key Economic Data

Quarterly Indicators

Quarterly Indicators
    2008Q2 2008Q3 2008Q4 2009Q1 2009Q2 2009Q3 2009Q4
Gross Domestic Product (GDP)
Real production GDP qtr % chg[1] -0.6 -0.7 -0.9 -0.8 0.2 0.2 ...
ann ave % chg 2.5 1.5 -0.1 -1.4 -2.1 -2.2 ...
Real private consumption qtr % chg[1] -0.5 -0.3 -0.1 -1.2 0.4 0.7 ...
ann ave % chg 2.1 0.9 -0.3 -1.1 -1.4 -1.2 ...
Real public consumption qtr % chg[1] 1.0 0.2 1.7 0.4 -1.5 0.4 ...
ann ave % chg 5.2 4.8 4.8 4.2 3.0 2.4 ...
Real residential investment qtr % chg[1] -8.8 -7.1 -13.8 -0.5 -2.3 -5.0 ...
ann ave % chg -2.3 -9.6 -18.2 -22.8 -24.4 -23.9 ...
Real non-residential investment qtr % chg[1] 6.4 -6.8 -2.7 -6.5 -0.4 -0.9 ...
ann ave % chg 6.6 5.4 2.0 -1.2 -6.9 -9.0 ...
Export volumes qtr % chg[1] -1.0 -2.0 -3.5 0.8 4.7 0.0 ...
ann ave % chg 2.9 2.6 -1.3 -3.3 -3.9 -3.1 ...
Import volumes qtr % chg[1] 2.5 -7.4 -6.3 -8.2 -2.4 0.7 ...
ann ave % chg 10.1 7.9 1.9 -4.7 -12.4 -16.5 ...
Nominal GDP - expenditure basis ann ave % chg 6.2 4.9 3.0 1.6 1.1 1.2 ...
Real GDP per capita ann ave % chg 1.5 0.5 -1.1 -2.3 -3.0 -3.2 ...
Real Gross National Disposable Income ann ave % chg 4.7 4.2 1.3 -1.0 -1.5 -1.0 ...
External Trade
Current account balance (annual) NZ$ millions -14795 -15436 -15968 -14568 -10371 -5723 ...
% of GDP -8.1 -8.4 -8.7 -7.9 -5.6 -3.1 ...
Investment income balance (annual) NZ$ millions -13732 -13728 -13721 -13035 -10793 -7977 ...
Merchandise terms of trade qtr % chg -0.4 -1 -1.0 -2.7 -9.4 -1.2 ...
ann % chg 10.7 5.8 1.8 -5 -13.5 -13.7 ...
Prices
CPI inflation qtr % chg 1.6 1.5 -0.5 0.3 0.6 1.3 -0.2
ann % chg 4.0 5.1 3.4 3.0 1.9 1.7 2.0
Tradable inflation ann % chg 4.8 6.3 2.3 1.7 0.2 -0.1 1.5
Non-tradable inflation ann % chg 3.4 4.1 4.3 3.8 3.3 3.0 2.3
GDP deflator ann % chg 3.9 2.5 2.7 2.6 2.0 2.9 ...
Consumption deflator ann % chg 3.4 4.2 4.0 3.8 3.1 2.2 ...
Labour Market
Employment (HLFS) qtr % chg[1] 1.3 0.1 0.7 -1.4 -0.4 -0.7 ...
ann % chg[1] 0.8 1.1 0.9 0.7 -0.9 -1.8 ...
Unemployment rate %[1] 4.0 4.3 4.7 5.0 6.0 6.5 ...
Participation rate %[1] 68.5 68.6 69.1 68.3 68.4 68.0 ...
LCI salary & wage rates - total (adjusted)[5] qtr % chg 0.8 1.2 0.7 0.6 0.3 0.5 ...
ann % chg 3.6 3.9 3.6 3.4 2.9 2.1 ...
LCI salary & wage rates - total (unadjusted)[5] qtr % chg 1.2 1.7 1.4 0.8 0.6 0.9 ...
ann % chg 5.4 5.6 5.6 5.2 4.6 3.8 ...
QES average hourly earnings - total[5] qtr % chg 1.4 1.5 0.9 1.4 0.7 2.1 ...
ann % chg 5.2 5.5 5.4 5.3 4.5 5.1 ...
Labour productivity[6] ann ave % chg 2.4 1.5 0.3 -1.7 -1.3 -0.6 ...
Confidence Indicators/Surveys
WMM - consumer confidence[3] Index 82 105 101 96 106 120 117
QSBO - general business situation[4] net % -63.7 -19.3 -64.4 -64.6 -24.8 35.6 30.7
QSBO - own activity outlook[4] net % -22.9 -8.3 -40.9 -38.7 -13.1 23.0 10.8

Monthly Indicators

Monthly Indicators
    2009M7 2009M8 2009M9 2009M10 2009M11 2009M12 2010M1
External Sector
Merchandise trade - exports mth % chg[1] 0.3 -6.8 -2.3 -3.1 4.0 4.1 ...
ann % chg[1] -7.3 -22.8 -11.0 -23.2 -16.8 -11.7 ...
Merchandise trade - imports mth % chg[1] -13.7 -0.5 -0.1 -7.4 2.8 5.7 ...
ann % chg[1] -20.8 -21.5 -23.6 -28.7 -21.6 -19.2 ...
Merchandise trade balance (12 month total) NZ$ million -2491 -2360 -1669 -1177 -860 -517 ...
Visitor arrivals number[1] 205670 204270 211240 209670 201900 ... ...
Visitor departures number[1] 206620 204980 209600 209560 201770 ... ...
Housing
Dwelling consents - residential mth % chg[1] 4.9 2.5 5.3 13.2 0.1 -2.4 ...
ann % chg[1] -16.8 -8.8 -12.0 27.7 20.3 23.6 ...
House sales - dwellings mth % chg[1] 2.3 -1.4 1.3 -6.0 -5.8 -4.1 ...
ann % chg[1] 33.5 40.1 43.5 36.1 42.4 14.8 ...
REINZ - house price index mth % chg 1.0 1.2 1.9 1.3 0.2 -0.9 ...
ann % chg 0.9 2.6 5.3 5.0 6.6 6.4 ...
Private Consumption
Core retail sales mth % chg[1] -0.5 1.4 0.0 0.5 0.8 ... ...
ann % chg[1] 1.8 2.8 3.0 2.5 3.6 ... ...
Total retail sales mth % chg[1] -0.5 1.2 0.2 0.1 0.8 ... ...
ann % chg[1] -1.7 -0.6 -0.4 0.6 1.7 ... ...
New car registrations mth % chg[1] 7.0 -3.6 7.8 0.8 2.5 5.3 ...
ann % chg -16.4 -18.3 -16.8 -16.8 2.4 0.3 ...
Electronic card transactions - total retail mth % chg[1] 0.8 0.4 0.7 0.0 0.9 0.7 ...
ann % chg 0.2 -1.3 0.6 0.6 1.8 4.7 ...
Migration
Permanent & long-term arrivals number[1] 7640 6780 6840 6950 6940 ... ...
Permanent & long-term departures number[1] 5160 5140 4980 4810 5160 ... ...
Net PLT migration (12 month total) number 14488 15642 17043 18560 20021 ... ...
Commodity Prices
Brent oil price US$/Barrel 64.90 72.59 67.51 72.97 76.94 74.79 78.36
WTI oil price US$/Barrel 64.21 71.06 69.40 75.82 77.97 74.63 80.14
ANZ NZ commodity price index mth % chg 0.1 -0.5 2.4 -0.3 11.8 4.3 ...
ann % chg -19.5 -21.4 -18.7 -19.2 -8.4 1.7 ...
ANZ world commodity price index mth % chg 1.0 4.4 6.8 4.7 10.5 2.6 ...
ann % chg -28.5 -22.7 -13.0 -1.5 17.4 30.0 ...
Financial Markets
NZD/USD $[2] 0.6437 0.6754 0.7024 0.7383 0.7309 0.7162 0.7290
NZD/AUD $[2] 0.8011 0.8089 0.8166 0.8157 0.7943 0.7929 0.7963
Trade weighted index (TWI) June 1979 = 100[2] 60.59 62.85 64.32 66.48 65.20 64.70 66.22
Official cash rate (OCR) % 2.50 2.50 2.50 2.50 2.50 2.50 2.50
90 day bank bill rate %[2] 2.79 2.76 2.77 2.79 2.80 2.78 2.78
10 year govt bond rate %[2] 5.75 5.82 5.63 5.66 6.01 6.02 6.00
Confidence Indicators/Surveys
National Bank - business confidence net % 18.7 34.2 49.1 48.2 43.4 38.5 ...
National Bank - activity outlook net % 12.6 26.0 32.2 30.5 33.7 36.9 ...
ANZ-Roy Morgan - consumer confidence net % 107 113.2 117.3 125.9 121.5 118.6 131.4

Abbreviations

qtr % chg
quarterly percent change
mth % chg
monthly percent change
ann % chg
annual percent change
ann ave % chg
annual average percent change
Data in italics are provisional

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, National Bank of New Zealand, NZIER, ANZ, Datastream, Westpac McDermott Miller, ANZ-Roy Morgan.

 

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