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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 0.7 0.1 -0.2 0.2 ... ...
ann ave % chg -2.1 -0.7 0.4 1.3 1.5 ... ...
Real private consumption qtr % chg[1] 1.0 0.5 0.2 0.4 0.2 ... ...
ann ave % chg -0.7 0.4 1.4 1.9 2.0 ... ...
Real public consumption qtr % chg[1] 0.6 1.6 0.4 -0.8 1.2 ... ...
ann ave % chg 0.6 0.2 1.1 1.5 2.3 ... ...
Real residential investment qtr % chg[1] 5.8 -0.3 10.5 -7.5 -7.2 ... ...
ann ave % chg -18.1 -13.0 -4.3 3.5 2.8 ... ...
Real non-residential investment qtr % chg[1] -1.1 0.1 4.4 0.3 8.3 ... ...
ann ave % chg -8.1 -8.3 -7.1 -3.8 2.2 ... ...
Export volumes qtr % chg[1] -0.6 1.3 0.4 -0.9 2.1 ... ...
ann ave % chg 1.7 4.6 4.7 3.7 3.0 ... ...
Import volumes qtr % chg[1] 4.7 2.5 0.4 3.4 6.6 ... ...
ann ave % chg -14.6 -9.4 -1.8 5.6 10.2 ... ...
Nominal GDP - expenditure basis ann ave % chg 0.7 1.1 2.0 3.1 4.8 ... ...
Real GDP per capita ann ave % chg -3.1 -1.9 -0.8 0.1 0.3 ... ...
Real Gross National Disposable Income ann ave % chg -1.5 0.4 0.8 2.8 4.6 ... ...
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 ... ...
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 ...
ann % chg 2.0 2.0 1.7 1.5 4.0 4.5 ...
Tradable inflation ann % chg 1.5 2.0 1.0 0.3 3.3 3.7 ...
Non-tradable inflation ann % chg 2.3 2.1 2.2 2.5 4.6 5.2 ...
GDP deflator ann % chg -1.5 0.1 1.6 2.5 5.3 ... ...
Consumption deflator ann % chg 1.2 0.8 0.7 1.1 3.0 ... ...
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 0.0 2.0 1.9 1.3 0.1 ... ...
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 1.2 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 ...
QSBO - own activity outlook[4] net % 10.8 14.5 11.3 9.5 11.4 -1.6 ...

Monthly Indicators

Monthly Indicators
    2010M12 2011M 1 2011M 2 2011M 3 2011M 4 2011M 5 2011M 6
External Sector
Merchandise trade - exports mth % chg[1] -1.6 3.0 4.4 0.7 6.1 -5.5 ...
ann % chg[1] 12.2 4.7 16.3 13.2 18.1 10.4 ...
Merchandise trade - imports mth % chg[1] 5.5 -1.3 6.6 -0.9 -7.9 12.4 ...
ann % chg[1] 16.6 15.4 22.5 15.6 7.6 17.5 ...
Merchandise trade balance (12 month total) NZ$ million 1172 909 765 744 1232 1067 ...
Visitor arrivals number[1] 214040 218850 208660 192030 207530 206910 ...
Visitor departures number[1] 211060 220180 212750 200220 201910 214830 ...
Housing
Dwelling consents - residential mth % chg[1] -18.8 9.2 -9.6 2.5 -1.2 2.3 ...
ann % chg[1] -26.4 -14.9 -28.9 -26.2 -32.2 -22.0 ...
House sales - dwellings mth % chg[1] 3.5 -6.8 2.7 4.8 0.7 10.4 ...
ann % chg[1] -11.5 -9.9 -10.0 -5.0 -5.2 10.8 ...
REINZ - house price index mth % chg -0.6 -2.6 2.3 0.5 1.1 -1.8 ...
ann % chg -1.6 -2.6 -0.7 -1.8 -0.4 -0.7 ...
Private Consumption
Electronic card transactions - total retail mth % chg[1] -0.8 2.4 -0.1 1.4 1.5 -0.8 ...
ann % chg 4.4 5.7 6.2 6.6 10.0 6.8 ...
New car registrations mth % chg[1] -8.0 0.9 -1.5 -0.4 -5.6 3.2 ...
ann % chg 6.4 6.8 2.8 -1.0 -10.5 -3.7 ...
Migration
Permanent & long-term arrivals number[1] 6890 7010 6930 7080 7120 6940 ...
Permanent & long-term departures number[1] 6170 6570 6480 7600 7240 7290 ...
Net PLT migration (12 month total) number 10451 8689 8249 6554 5508 4625 ...
Commodity Prices
Brent oil price US$/Barrel 91.96 96.95 104.24 114.92 123.33 114.93 114.24
WTI oil price US$/Barrel 89.37 89.52 89.41 102.94 110.15 101.30 96.33
ANZ NZ commodity price index mth % chg 4.0 2.8 2.9 8.1 -3.9 -0.8 ...
ann % chg 5.7 9.9 10.1 18.4 9.8 7.5 ...
ANZ world commodity price index mth % chg 1.6 4.3 2.7 4.7 1.6 0.3 ...
ann % chg 12.1 16.3 20.3 23.5 19.8 19.5 ...
Financial Markets
NZD/USD $[2] 0.7504 0.7653 0.7623 0.7408 0.7859 0.7959 0.8150
NZD/AUD $[2] 0.7573 0.7692 0.7565 0.7333 0.7450 0.7447 0.7686
Trade weighted index (TWI) June 1979 = 100[2] 67.80 68.70 67.80 65.20 68.20 68.70 70.30
Official cash rate (OCR) % 3.00 3.00 3.00 2.50 2.50 2.50 2.50
90 day bank bill rate %[2] 3.17 3.19 3.13 2.69 2.65 2.66 2.65
10 year govt bond rate %[2] 5.82 5.61 5.56 5.58 5.70 5.23 5.04
Confidence Indicators/Surveys
National Bank - business confidence net % 29.5 42.4 34.5 -8.7 14.2 38.3 46.5
National Bank - activity outlook net % 34.5 41.3 36.6 14.7 29.5 39.7 38.7
ANZ-Roy Morgan - consumer confidence net % 112.2 117.1 108.1 101.4 101.4 103.3 112.5

 

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.

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