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Monthly Economic Indicators

New Zealand Key Economic Data

Quarterly Indicators

Quarterly Indicators
    2008Q3 2008Q4 2009Q1 2009Q2 2009Q3 2009Q4 2010Q1
Gross Domestic Product (GDP)
Real production GDP qtr % chg[1] -0.6 -1.0 -0.8 0.1 0.3 0.8 ...
ann ave % chg 1.5 -0.2 -1.4 -2.2 -2.3 -1.6 ...
Real private consumption qtr % chg[1] -0.2 -0.2 -1.1 0.4 0.9 0.9 ...
ann ave % chg 0.9 -0.3 -1.1 -1.4 -1.2 -0.6 ...
Real public consumption qtr % chg[1] 0.3 1.6 0.4 -1.3 0.6 0.9 ...
ann ave % chg 4.8 4.8 4.2 3.0 2.5 1.4 ...
Real residential investment qtr % chg[1] -6.3 -15.4 0.8 -2.4 -4.1 4.9 ...
ann ave % chg -9.6 -18.2 -22.8 -24.4 -23.9 -16.8 ...
Real non-residential investment qtr % chg[1] -6.9 -2.7 -6.6 -0.3 -0.9 -2.5 ...
ann ave % chg 5.5 2.1 -1.2 -6.9 -9.1 -10.6 ...
Export volumes qtr % chg[1] -2.4 -2.7 0.3 4.6 0.2 -0.9 ...
ann ave % chg 2.6 -1.4 -3.4 -4.1 -3.1 0.0 ...
Import volumes qtr % chg[1] -6.7 -7.3 -7.7 -2.7 1.5 6.0 ...
ann ave % chg 7.9 1.9 -4.7 -12.4 -16.5 -14.9 ...
Nominal GDP - expenditure basis ann ave % chg 5.0 3.1 1.7 1.1 1.2 1.2 ...
Real GDP per capita ann ave % chg 0.5 -1.1 -2.4 -3.1 -3.3 -2.6 ...
Real Gross National Disposable Income ann ave % chg 4.2 1.3 -1.0 -1.5 -1.2 -1.0 ...
External Trade
Current account balance (annual) NZ$ millions -15436 -15968 -14568 -10371 -5896 -5474 ...
% of GDP -8.4 -8.7 -7.9 -5.6 -3.2 -2.9 ...
Investment income balance (annual) NZ$ millions -13728 -13721 -13035 -10793 -8146 -8289 ...
Merchandise terms of trade qtr % chg -1 -1 -2.7 -9.4 -1.6 5.8 ...
ann % chg 5.8 1.8 -5 -13.5 -14.1 -8.2 ...
Prices
CPI inflation qtr % chg 1.5 -0.5 0.3 0.6 1.3 -0.2 0.4
ann % chg 5.1 3.4 3.0 1.9 1.7 2.0 2.0
Tradable inflation ann % chg 6.3 2.3 1.7 0.2 -0.1 1.5 2.0
Non-tradable inflation ann % chg 4.1 4.3 3.8 3.3 3.0 2.3 2.1
GDP deflator ann % chg 2.5 2.6 2.5 2.1 2.7 0.1 ...
Consumption deflator ann % chg 4.2 4.0 3.8 3.1 2.2 1.4 ...
Labour Market
Employment (HLFS) qtr % chg[1] 0.2 0.5 -1.1 -0.5 -0.8 -0.1 1.0
ann % chg[1] 1.1 0.9 0.8 -0.9 -1.8 -2.4 -0.1
Unemployment rate %[1] 4.3 4.7 5.0 6.0 6.5 7.3 6.0
Participation rate %[1] 68.6 69.0 68.4 68.4 68.0 68.1 68.1
LCI salary & wage rates - total (adjusted)[5] qtr % chg 1.2 0.7 0.6 0.3 0.5 0.4 0.3
ann % chg 3.9 3.6 3.4 2.9 2.1 1.8 1.5
LCI salary & wage rates - total (unadjusted)[5] qtr % chg 1.7 1.4 0.8 0.6 0.9 0.5 0.5
ann % chg 5.6 5.6 5.2 4.6 3.8 2.9 2.5
QES average hourly earnings - total[5] qtr % chg 1.5 0.9 1.4 0.7 2.1 -0.2 -0.4
ann % chg 5.5 5.4 5.3 4.5 5.1 4.0 2.2
Labour productivity[6] ann ave % chg 1.5 0.2 -1.8 -1.4 -0.7 0.7 ...
Confidence Indicators/Surveys
WMM - consumer confidence[3] Index 105 101 96 106 120 117 115
QSBO - general business situation[4] net % -19.3 -64.4 -64.6 -24.8 35.6 30.7 21.9
QSBO - own activity outlook[4] net % -8.3 -40.9 -38.7 -13.1 23.0 10.8 14.5

Monthly Indicators

Monthly Indicators
    2009M10 2009M11 2009M12 2010M 1 2010M 2 2010M 3 2010M 4
External Sector
Merchandise trade - exports mth % chg[1] 4.2 4.1 11.1 -4.8 3.6 4.0 ...
ann % chg[1] -16.8 -11.4 -0.8 -3.3 0.3 9.1 ...
Merchandise trade - imports mth % chg[1] 3.3 6.9 -3.6 5.8 2.0 -3.9 ...
ann % chg[1] -21.6 -18.3 -11.0 1.4 -4.4 -0.3 ...
Merchandise trade balance (12 month total) NZ$ million -863 -549 -176 -324 -172 161 ...
Visitor arrivals number[1] 201960 215960 210560 206210 207950 204150 ...
Visitor departures number[1] 200630 211760 219600 210180 207030 206210 ...
Housing
Dwelling consents - residential mth % chg[1] 0.4 -3.8 -2.7 6.1 0.1 8.5 ...
ann % chg[1] 20.3 22.6 35.1 29.8 33.3 32.1 ...
House sales - dwellings mth % chg[1] -9.1 -0.4 -16.9 10.4 1.4 3.0 ...
ann % chg[1] 41.7 14.8 -0.9 -3.6 -7.6 -16.7 ...
REINZ - house price index mth % chg 0.2 -0.9 -1.6 0.4 1.7 -0.4 ...
ann % chg 6.6 6.4 6.9 5.5 6.8 6.2 ...
Private Consumption
Core retail sales mth % chg[1] 0.6 -1.9 0.1 -0.9 1.1 ... ...
ann % chg[1] 3.4 1.6 1.6 0.7 1.3 ... ...
Total retail sales mth % chg[1] 0.7 -0.4 0.6 -0.6 0.5 ... ...
ann % chg[1] 1.6 1.8 3.6 2.3 3.2 ... ...
New car registrations mth % chg[1] 2.5 6.9 -0.7 0.6 4.8 2.7 -3.7
ann % chg 2.4 0.3 15.9 31.4 31.7 40.5 30.5
Electronic card transactions - total retail mth % chg[1] 0.9 0.8 0.4 -0.5 2.0 -1.7 ...
ann % chg 1.8 4.7 3.8 3.5 6.1 4.0 ...
Migration
Permanent & long-term arrivals number[1] 6950 7040 7090 6660 6820 6550 ...
Permanent & long-term departures number[1] 5210 5370 5260 5660 5850 5780 ...
Net PLT migration (12 month total) number 20021 21253 22588 21618 20973 19954 ...
Commodity Prices
Brent oil price US$/Barrel 76.94 74.79 76.60 73.90 79.52 85.16 76.13
WTI oil price US$/Barrel 77.97 74.63 78.42 76.31 81.24 84.50 73.84
ANZ NZ commodity price index mth % chg 12.2 4.2 -1.3 7.8 0.4 4.2 2.9
ann % chg -7.7 2.5 5.7 11.7 16.0 24.3 29.6
ANZ world commodity price index mth % chg 10.9 2.6 0.4 4.0 1.8 5.4 2.5
ann % chg 18.2 31.0 37.4 49.8 50.9 55.1 54.5
Financial Markets
NZD/USD $[2] 0.7309 0.7162 0.7277 0.6974 0.7032 0.7123 0.6992
NZD/AUD $[2] 0.7943 0.7929 0.7959 0.7868 0.7712 0.7685 0.8019
Trade weighted index (TWI) June 1979 = 100[2] 65.20 64.70 66.10 64.60 65.10 66.10 67.00
Official cash rate (OCR) % 2.50 2.50 2.50 2.50 2.50 2.50 2.50
90 day bank bill rate %[2] 2.80 2.78 2.78 2.73 2.67 2.69 2.89
10 year govt bond rate %[2] 6.01 6.02 6.00 5.86 5.86 5.96 5.73
Confidence Indicators/Surveys
National Bank - business confidence net % 43.4 38.5 45.6 50.1 42.5 49.5 48.2
National Bank - activity outlook net % 33.7 36.9 41.0 41.9 38.6 43.0 45.3
ANZ-Roy Morgan - consumer confidence net % 121.5 118.6 131.4 123.6 121.8 121.9 121.9

 

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, National Bank of New Zealand, NZIER, ANZ, Datastream, Westpac McDermott Miller, One News Colmar Brunton.

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