The Treasury

Global Navigation

Personal tools

Treasury
Publication

Monthly Economic Indicators

New Zealand Key Economic Data

Quarterly Indicators

Quarterly Indicators
    2009Q4 2010Q1 2010Q2 2010Q3 2010Q4 2011Q1 2011Q2

Gross Domestic Product (GDP)

Real production GDP qtr % chg[1] 0.9 0.6 0.2 -0.1 0.5 0.8 ...
ann ave % chg -2.0 -0.7 0.5 1.4 1.7 1.5 ...
Real private consumption qtr % chg[1] 1.0 0.5 0.4 0.4 0.3 0.4 ...
ann ave % chg -0.7 0.4 1.4 2.0 2.2 1.9 ...
Real public consumption qtr % chg[1] 0.7 1.5 0.6 0.0 1.4 1.2 ...
ann ave % chg 0.6 0.2 1.1 1.7 2.7 3.1 ...
Real residential investment qtr % chg[1] 6.2 -1.6 11.0 -6.9 -7.0 -2.1 ...
ann ave % chg -18.1 -13.0 -4.3 3.5 2.8 2.3 ...
Real non-residential investment qtr % chg[1] -1.1 0.3 4.2 0.1 8.2 -1.0 ...
ann ave % chg -8.1 -8.3 -7.1 -3.8 2.1 7.0 ...
Export volumes qtr % chg[1] -0.6 1.4 0.3 -0.9 2.0 0.8 ...
ann ave % chg 1.7 4.6 4.7 3.7 3.0 2.0 ...
Import volumes qtr % chg[1] 4.5 2.8 -0.2 3.9 6.4 -2.4 ...
ann ave % chg -14.6 -9.4 -1.8 5.6 10.1 10.4 ...
Nominal GDP - expenditure basis ann ave % chg 0.6 1.1 2.0 3.0 4.8 5.4 ...
Real GDP per capita ann ave % chg -3.1 -1.8 -0.7 0.2 0.4 0.4 ...
Real Gross National Disposable Income ann ave % chg -1.5 0.5 0.9 0.4 2.2 1.9 ...

External Trade

Current account balance (annual) NZ$ millions -5204 -4458 -5707 -7749 -8044 -8300 ...
% of GDP -2.8 -2.4 -3.0 -4.1 -4.1 -4.2 ...
Investment income balance (annual) NZ$ millions -7930 -7627 -9026 -10692 -10683 -10666 ...
Merchandise terms of trade qtr % chg 5.8 6.1 2.0 3.0 0.8 0.9 ...
ann % chg -8.2 0.1 12.7 17.9 12.3 6.8 ...

Prices

CPI inflation qtr % chg -0.2 0.4 0.2 1.1 2.3 0.8 1.0
ann % chg 2.0 2.0 1.7 1.5 4.0 4.5 5.3
Tradable inflation ann % chg 1.5 2.0 1.0 0.3 3.3 3.7 5.5
Non-tradable inflation ann % chg 2.3 2.1 2.2 2.5 4.6 5.2 5.2
GDP deflator ann % chg -1.5 -0.1 1.8 2.8 5.7 4.3 ...
Consumption deflator ann % chg 1.2 0.8 0.5 0.8 2.7 3.1 ...

Labour Market

Employment (HLFS) qtr % chg[1] 0.1 0.8 -0.2 1.1 -0.4 1.4 ...
ann % chg[1] -2.4 -0.1 0.0 1.9 1.3 1.8 ...
Unemployment rate %[1] 7.0 6.1 6.9 6.4 6.7 6.6 ...
Participation rate %[1] 68.1 68.0 68.1 68.2 67.9 68.7 ...
LCI salary & wage rates - total (adjusted)[5] qtr % chg 0.4 0.3 0.4 0.5 0.5 0.4 ...
ann % chg 1.8 1.5 1.6 1.6 1.7 1.8 ...
QES average hourly earnings - total[5] qtr % chg -0.2 -0.4 0.7 1.0 0.5 0.4 ...
ann % chg 2.8 1.0 1.0 1.1 1.8 2.6 ...
Labour productivity[6] ann ave % chg 0.1 2.1 2.0 1.3 0.2 -0.3 ...

Retail Sales

Core retail sales volume qtr % chg[1] 0.6 0.1 0.6 -0.1 0.0 0.7 ...
ann % chg 2.2 3.0 2.6 1.5 0.3 1.4 ...
Total retail sales volume qtr % chg[1] 1.2 0.4 0.5 -0.4 -0.4 0.9 ...
ann % chg 0.4 3.2 3.4 1.9 -0.1 0.8 ...

Confidence Indicators/Surveys

               
WMM - consumer confidence[3] Index 117 115 119 114 108 98 112
QSBO - general business situation[4] net % 30.7 21.9 17.5 6.4 8.1 -26.8 26.6
QSBO - own activity outlook[4] net % 10.8 14.5 11.3 9.5 11.4 -1.6 18.5

Monthly Indicators

Monthly Indicators
    2011M 1 2011M 2 2011M 3 2011M 4 2011M 5 2011M 6 2011M 7

External Sector

Merchandise trade - exports mth % chg[1] 2.9 4.3 0.5 6.1 -6.0 -0.1 ...
ann % chg[1] 4.7 16.3 13.2 18.0 10.2 4.3 ...
Merchandise trade - imports mth % chg[1] -1.4 6.5 -1.2 -6.7 11.4 -6.5 ...
ann % chg[1] 15.3 22.5 15.7 7.7 18.7 4.5 ...
Merchandise trade balance (12 month total) NZ$ million 909 765 741 1230 1012 1021 ...
Visitor arrivals number[1] 218220 208610 191960 206780 205670 195100 ...
Visitor departures number[1] 220700 212200 200990 201100 215390 198550 ...

Housing

Dwelling consents - residential mth % chg[1] 9.2 -9.7 2.5 -1.2 2.3 -1.4 ...
ann % chg[1] -14.9 -28.8 -26.1 -32.1 -21.9 -25.7 ...
House sales - dwellings mth % chg[1] -6.8 2.8 5.1 1.0 10.3 -0.6 ...
ann % chg[1] -9.9 -10.0 -5.0 -5.2 10.8 14.0 ...
REINZ - house price index mth % chg -2.6 2.3 0.5 1.1 -1.8 1.3 ...
ann % chg -2.6 -0.7 -1.8 -0.4 -0.7 0.0 ...

Private Consumption

Electronic card transactions - total retail mth % chg[1] 2.4 -0.2 1.4 1.4 -0.7 1.2 ...
ann % chg 5.7 6.2 6.6 10.0 6.8 9.0 ...
New car registrations mth % chg[1] 0.9 -1.4 -0.5 -5.6 3.2 -2.2 ...
ann % chg 6.8 2.8 -1.0 -10.5 -3.7 -9.5 ...

Migration

Permanent & long-term arrivals number[1] 7000 6920 7060 7090 6900 6840 ...
Permanent & long-term departures number[1] 6590 6490 7600 7230 7240 7180 ...
Net PLT migration (12 month total) number 8689 8249 6554 5508 4625 3867 ...

Commodity Prices

Brent oil price US$/Barrel 96.95 104.24 114.92 123.33 114.93 114.37 ...
WTI oil price US$/Barrel 89.52 89.41 102.94 110.15 101.30 96.29 ...
ANZ NZ commodity price index mth % chg 2.8 2.9 8.1 -3.9 -0.7 -3.3 ...
ann % chg 9.9 10.1 18.4 9.8 7.6 4.9 ...
ANZ world commodity price index mth % chg 4.3 2.7 4.7 1.6 0.4 -1.2 ...
ann % chg 16.3 20.3 23.5 19.8 19.6 20.6 ...

Financial Markets

NZD/USD $[2] 0.7653 0.7623 0.7408 0.7859 0.7959 0.8150 ...
NZD/AUD $[2] 0.7692 0.7565 0.7333 0.7450 0.7447 0.7686 ...
Trade weighted index (TWI) June 1979 = 100[2] 68.70 67.80 65.20 68.20 68.70 70.30 ...
Official cash rate (OCR) % 3.00 3.00 2.50 2.50 2.50 2.50 ...
90 day bank bill rate %[2] 3.19 3.13 2.69 2.65 2.66 2.65 ...
10 year govt bond rate %[2] 5.61 5.56 5.58 5.70 5.23 5.04 ...

Confidence Indicators/Surveys

National Bank - business confidence net % 42.4 34.5 -8.7 14.2 38.3 46.5 47.6
National Bank - activity outlook net % 41.3 36.6 14.7 29.5 39.7 38.7 43.7
ANZ-Roy Morgan - consumer confidence net % 117.1 108.1 101.4 101.4 103.3 112.5 109.4

 

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