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Monthly Economic Indicators

New Zealand Key Economic Data

Quarterly Indicators

Quarterly Indicators
    2006Q4 2007Q1 2007Q2 2007Q3 2007Q4 2008Q1 2008Q2
Gross Domestic Product (GDP)              
Real production GDP qtr % chg [1] 0.6 1.3 0.8 0.5 0.8 -0.3 ...
ann ave % chg 1.6 1.6 2.1 2.7 3.1 3.0 ...
Real private consumption qtr % chg [1] 1.3 1.9 0.4 0.5 0.5 -0.4 ...
ann ave % chg 2.6 2.8 3.4 3.9 4.1 3.3 ...
Real public consumption qtr % chg [1] 0.8 0.7 0.9 1.8 0.2 1.1 ...
ann ave % chg 4.7 4.4 4.5 4.4 4.2 4.2 ...
Real residential investment qtr % chg [1] 1.2 0.7 3.0 1.7 -2.3 -5.5 ...
ann ave % chg -3.2 -2.7 1.6 3.6 4.4 3.7 ...
Real non-residential investment qtr % chg [1] 0.7 3.2 -1.3 0.1 5.1 -1.2 ...
ann ave % chg -0.9 -1.6 0.8 2.3 4.7 4.4 ...
Export volumes qtr % chg [1] -2.7 3.1 -1.2 0.0 4.5 -1.8 ...
ann ave % chg 1.7 3.1 3.4 2.2 3.4 2.3 ...
Import volumes qtr % chg [1] 1.1 4.2 2.6 0.8 3.8 1.2 ...
ann ave % chg -2.8 -1.7 1.7 5.4 8.8 9.7 ...
Nominal GDP - expenditure basis ann ave % chg 4.9 5.2 6.5 7.2 7.4 7.4 ...
Real GDP per capita ann ave % chg 0.4 0.4 0.9 1.5 2.0 1.9 ...
Real Gross National Disposable Income ann ave % chg 0.5 1.7 2.9 3.6 5.0 5.3 ...
External Trade
Current account balance (annual) NZ$ millions -14004 -13522 -13682 -14280 -13837 -13787 ...
% of GDP -8.6 -8.2 -8.1 -8.3 -7.9 -7.8 ...
Investment income balance (annual) NZ$ millions -12092 -11863 -11880 -12329 -12437 -13123 ...
Merchandise terms of trade qtr % chg 2.5 1.5 0.4 3.7 2.7 4.1 ...
ann % chg 3.8 4.5 2.3 8.4 8.5 11.3 ...
Prices
CPI inflation qtr % chg -0.2 0.5 1.0 0.5 1.2 0.7 ...
ann % chg 2.6 2.5 2.0 1.8 3.2 3.4 ...
Tradable inflation ann % chg 1.1 0.8 -0.5 -0.3 2.8 3.4 ...
Non-tradable inflation ann % chg 3.9 4.0 4.1 3.7 3.5 3.5 ...
GDP deflator ann % chg 2.9 3.1 4.2 3.9 5.6 5.8 ...
Consumption deflator ann % chg 2.7 2.0 1.5 1.2 2.0 2.5 ...
Labour Market
Employment (HLFS) qtr % chg [1] 0.0 1.4 0.5 -0.3 0.9 -1.3 ...
ann % chg [1] 1.4 1.8 1.5 1.6 2.5 -0.2 ...
Unemployment rate % [1] 3.8 3.7 3.6 3.5 3.4 3.6 ...
Participation rate % [1] 68.0 68.6 68.8 68.3 68.6 67.7 ...
LCI salary & wage rates - total (adjusted) [6] qtr % chg 0.9 0.6 0.6 1.0 1.0 0.8 ...
ann % chg 3.2 3.2 3.1 3.1 3.3 3.4 ...
LCI salary & wage rates - total (unadjusted) [6] qtr % chg 1.3 0.8 1.0 1.7 1.4 1.2 ...
ann % chg 4.9 4.5 4.6 4.8 5.0 5.4 ...
QES average hourly earnings - total [6] qtr % chg 0.8 1.0 0.8 1.3 1.0 1.5 ...
ann % chg 5.0 4.6 4.3 4.0 4.2 4.6 ...
Labour productivity [7] ann ave % chg 0.8 1.0 1.4 1.9 2.6 3.1 ...
Confidence Indicators/Surveys
WMM - consumer confidence [3] Index 120 118 111 114 110 97 82
QSBO - general business situation [4] net % 3.5 -15.3 -36.6 -27.3 -26.4 -64.1 ...
QSBO - own activity outlook [4] net % 15.0 16.1 8.8 15.4 13.9 -9.7 ...

Monthly Indicators

Monthly Indicators
    2007M12 2008M1 2008M2 2008M3 2008M4 2008M5 2008M6
External Sector              
Merchandise trade - exports mth % chg [1] 5.6 -0.2 4.2 -18.7 14.1 -11.1 ...
ann % chg [1] 24.2 24.1 30.5 3.3 20.5 11.2 ...
Merchandise trade - imports mth % chg [1] 2.5 -3.0 6.3 -3.9 11.1 -2.8 ...
ann % chg [1] 11.3 2.4 15.9 7.2 21.6 17.1 ...
Merchandise trade balance (12 month total) NZ$ million -5307 -4793 -4422 -4527 -4609 -4813 ...
Visitor arrivals number [1] 204550 206030 216780 215500 190070 207990 ...
Visitor departures number [1] 202840 208500 211010 211130 201760 203210 ...
Housing
Dwelling consents - residential mth % chg [1] -4.3 3.6 -5.7 -14.3 83.0 -42.3 ...
ann % chg [1] -6.6 -5.3 -17.6 -27.3 30.8 -27.1 ...
House sales - dwellings mth % chg [1] -7.8 -1.7 -1.2 -32.6 11.8 -14.5 ...
ann % chg [1] -32.2 -31.4 -32.0 -53.5 -45.0 -53.1 ...
REINZ - median dwelling price mth % chg -0.4 -0.6 -0.8 1.3 -1.1 0.3 ...
ann % chg 4.5 4.0 0.8 1.6 -1.1 -1.3 ...
Private Consumption
Core retail sales mth % chg [1] 0.3 0.3 0.2 -0.4 -0.5 ... ...
ann % chg [1] 4.4 4.0 2.0 0.8 1.3 ... ...
Total retail sales mth % chg [1] 0.0 0.2 -0.6 -1.2 1.0 ... ...
ann % chg [1] 6.0 5.8 3.3 0.8 3.1 ... ...
New car registrations mth % chg [1] -2.7 10.7 -8.8 -12.8 12.2 -15.2 ...
ann % chg 1.4 1.7 1.9 -13.2 -1.1 -20.6 ...
Electronic card transactions - total retail mth % chg [1] 0.1 0.3 0.0 -0.1 -0.1 1.2 ...
ann % chg 7.3 8.7 10.7 4.4 6.0 8.7 ...
Migration
Permanent & long-term arrivals number [1] 6690 6700 7280 7220 7320 7890 ...
Permanent & long-term departures number [1] 6690 6610 7030 6690 6810 6880 ...
Net PLT migration (12 month total) number 5491 4799 4643 4678 4666 4931 ...
Commodity Prices
Brent oil price US$/Barrel 91.52 92.09 94.72 103.16 110.03 123.86 132.76
WTI oil price US$/Barrel 91.77 92.98 95.36 105.50 112.34 125.67 133.93
ANZ NZ commodity price index mth % chg -0.9 -1.8 -2.2 2.1 1.1 2.5 2.1
ann % chg 19.0 15.9 11.4 12.0 13.4 13.2 12.5
ANZ world commodity price index mth % chg 0.0 -1.4 1.1 2.0 -0.3 0.9 0.0
ann % chg 30.9 27.4 26.9 26.9 20.7 18.7 11.6
Financial Markets
NZD/USD $ [2] 0.7686 0.7718 0.7968 0.8027 0.7900 0.7769 0.7607
NZD/AUD $ [2] 0.8811 0.8758 0.8733 0.8669 0.8500 0.8188 0.7997
Trade weighted index (TWI) June 1979 = 1002 71.58 71.24 72.96 71.58 70.31 69.32 68.11
Official cash rate (OCR) % 8.25 8.25 8.25 8.25 8.25 8.25 8.25
90 day bank bill rate % [2] 8.9 8.75 8.82 8.91 8.87 8.71 8.68
10 year govt bond rate % [2] 6.4 6.28 6.4 6.36 6.48 6.43 6.42
Confidence Indicators/Surveys
National Bank - business confidence net % -24.9 -31.5 -43.9 -57.9 -54.8 -49.7 -38.7
National Bank - activity outlook net % 18.2 13.6 2.4 -6.4 -3.8 -4.4 -4.0
One News [5] - consumer confidence net % -10 -13 -16 -25 -34 -33 -25

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
  • [6] Ordinary time
  • [7] 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, One News Colmar Brunton.

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