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Monthly Economic Indicators

New Zealand Key Economic Data

Quarterly Indicators

Quarterly Indicators
    2009Q3 2009Q4 2010Q1 2010Q2 2010Q3 2010Q4 2011Q1
Gross Domestic Product (GDP)
Real production GDP qtr % chg[1] 0.2 0.9 0.7 0.1 -0.2 0.2 ...
ann ave % chg -2.8 -2.1 -0.7 0.4 1.3 1.5 ...
Real private consumption qtr % chg[1] 0.8 1.0 0.5 0.2 0.4 0.2 ...
ann ave % chg -1.3 -0.7 0.4 1.4 1.9 2.0 ...
Real public consumption qtr % chg[1] 0.3 0.6 1.6 0.4 -0.8 1.2 ...
ann ave % chg 1.9 0.6 0.2 1.1 1.5 2.3 ...
Real residential investment qtr % chg[1] -3.4 5.8 -0.3 10.5 -7.5 -7.2 ...
ann ave % chg -24.8 -18.1 -13.0 -4.3 3.5 2.8 ...
Real non-residential investment qtr % chg[1] -3.4 -1.1 0.1 4.4 0.3 8.3 ...
ann ave % chg -6.1 -8.1 -8.3 -7.1 -3.8 2.2 ...
Export volumes qtr % chg[1] 1.1 -0.6 1.3 0.4 -0.9 2.1 ...
ann ave % chg -1.7 1.7 4.6 4.7 3.7 3.0 ...
Import volumes qtr % chg[1] 1.2 4.7 2.5 0.4 3.4 6.6 ...
ann ave % chg -16.1 -14.6 -9.4 -1.8 5.6 10.2 ...
Nominal GDP - expenditure basis ann ave % chg 0.8 0.7 1.1 2.0 3.1 4.8 ...
Real GDP per capita ann ave % chg -3.8 -3.1 -1.9 -0.8 0.1 0.3 ...
Real Gross National Disposable Income ann ave % chg -1.8 -1.5 0.4 0.8 2.8 4.6 ...
External Trade
Current account balance (annual) NZ$ millions -5946 -5204 -4458 -5707 -4189 -4381 ...
% of GDP -3.2 -2.8 -2.4 -3.0 -2.2 -2.3 ...
Investment income balance (annual) NZ$ millions -8059 -7930 -7627 -9026 -10692 -10588 ...
Merchandise terms of trade qtr % chg -1.6 5.8 6.1 2.0 3.0 0.8 0.9
ann % chg -14.1 -8.2 0.1 12.7 17.9 12.3 6.8
Prices
CPI inflation qtr % chg 1.3 -0.2 0.4 0.2 1.1 2.3 0.8
ann % chg 1.7 2.0 2.0 1.7 1.5 4.0 4.5
Tradable inflation ann % chg -0.1 1.5 2.0 1.0 0.3 3.3 3.7
Non-tradable inflation ann % chg 3.0 2.3 2.1 2.2 2.5 4.6 5.2
GDP deflator ann % chg 0.9 -1.5 0.1 1.6 2.5 5.3 ...
Consumption deflator ann % chg 1.9 1.2 0.8 0.7 1.1 3.0 ...
Labour Market
Employment (HLFS) qtr % chg[1] -0.8 0.1 0.8 -0.2 1.1 -0.4 1.4
ann % chg[1] -1.8 -2.4 -0.1 0.0 1.9 1.3 1.8
Unemployment rate %[1] 6.5 7.0 6.1 6.9 6.4 6.7 6.6
Participation rate %[1] 68.0 68.1 68.0 68.1 68.2 67.9 68.7
LCI salary & wage rates - total (adjusted)[5] qtr % chg 0.5 0.4 0.3 0.4 0.5 0.5 0.4
ann % chg 2.1 1.8 1.5 1.6 1.6 1.7 1.8
QES average hourly earnings - total[5] qtr % chg 0.9 -0.2 -0.4 0.7 1.0 0.5 0.4
ann % chg 4.0 2.8 1.0 1.0 1.1 1.8 2.6
Labour productivity[6] ann ave % chg -1.1 0.0 2.0 1.9 1.3 0.1 ...
Retail Sales
Core retail sales volume qtr % chg[1] 1.1 0.8 0.3 0.2 0.0 0.0 ...
  ann % chg 0.6 2.2 3.0 2.6 1.5 0.3 ...
Total retail sales volume qtr % chg 1.1 1.2 0.4 0.6 -0.4 -0.4 ...
ann % chg -1.4 0.4 3.2 3.4 1.9 -0.1 ...
Confidence Indicators/Surveys
WMM - consumer confidence[3] Index 120 117 115 119 114 108 98
QSBO - general business situation[4] net % 35.6 30.7 21.9 17.5 6.4 8.1 -26.8
QSBO - own activity outlook[4] net % 23.0 10.8 14.5 11.3 9.5 11.4 -1.6

Monthly Indicators

Monthly Indicators
    2010M11 2010M12 2011M 1 2011M 2 2011M 3 2011M 4 2011M 5
External Sector
Merchandise trade - exports mth % chg[1] 0.8 -1.6 3.0 4.5 0.9 6.0 ...
ann % chg[1] 19.5 12.1 4.7 16.3 13.1 17.5 ...
Merchandise trade - imports mth % chg[1] 4.2 5.4 -1.4 6.7 -1.5 -6.8 ...
ann % chg[1] 15.2 16.6 15.4 22.6 15.7 7.9 ...
Merchandise trade balance (12 month total) NZ$ million 1363 1172 909 763 734 1187 ...
Visitor arrivals number[1] 211470 213910 218860 208660 191960 207690 ...
Visitor departures number[1] 210970 210580 220870 212160 201050 201220 ...
Housing
Dwelling consents - residential mth % chg[1] 8.0 -18.4 9.1 -9.9 2.0 -1.7 ...
ann % chg[1] -9.1 -26.5 -14.8 -29.0 -26.3 -32.5 ...
House sales - dwellings mth % chg[1] 19.8 3.7 -6.6 2.3 4.5 0.2 ...
ann % chg[1] -14.9 -11.5 -10.0 -10.1 -5.1 -5.3 ...
REINZ - house price index mth % chg 1.9 -0.6 -2.6 2.3 0.5 1.1 ...
ann % chg -1.9 -1.6 -2.6 -0.7 -1.8 -0.4 ...
Private Consumption
Electronic card transactions - total retail mth % chg[1] 0.9 -0.8 2.4 0.0 1.6 1.5 ...
ann % chg 6.3 4.4 5.7 6.2 6.6 10.0 ...
New car registrations mth % chg[1] 12.3 -7.7 0.6 -1.6 -0.6 -5.7 ...
ann % chg 23.5 6.4 6.8 2.8 -1.0 -10.5 ...
Migration
Permanent & long-term arrivals number[1] 6990 6890 7010 6930 7080 7130 ...
Permanent & long-term departures number[1] 6390 6170 6570 6480 7600 7220 ...
Net PLT migration (12 month total) number 11519 10451 8689 8249 6554 5508 ...
Commodity Prices
Brent oil price US$/Barrel 85.80 91.96 96.95 104.24 114.92 123.33 114.93
WTI oil price US$/Barrel 84.15 89.37 89.52 89.41 102.94 110.15 101.30
ANZ NZ commodity price index mth % chg 1.3 4.5 2.3 2.9 8.1 -3.9 -0.8
ann % chg 15.7 16.1 20.4 15.3 24.2 14.9 11.7
ANZ world commodity price index mth % chg 4.5 2.0 3.8 2.7 4.8 1.6 0.3
ann % chg 23.7 23.0 27.2 25.9 29.6 25.4 24.2
Financial Markets
NZD/USD $[2] 0.7727 0.7504 0.7653 0.7623 0.7408 0.7859 0.7959
NZD/AUD $[2] 0.7805 0.7573 0.7692 0.7565 0.7333 0.7450 0.7447
Trade weighted index (TWI) June 1979 = 100[2] 68.90 67.80 68.70 67.80 65.20 68.20 68.70
Official cash rate (OCR) % 3.00 3.00 3.00 3.00 2.50 2.50 2.50
90 day bank bill rate %[2] 3.17 3.17 3.19 3.13 2.69 2.65 2.66
10 year govt bond rate %[2] 5.49 5.82 5.61 5.56 5.58 5.70 5.23
Confidence Indicators/Surveys
National Bank - business confidence net % 33.2 29.5 42.2 34.5 -8.7 14.2 38.3
National Bank - activity outlook net % 35.3 34.5 41.1 36.6 14.7 29.5 39.7
ANZ-Roy Morgan - consumer confidence net % 114.5 112.2 117.1 108.1 101.4 101.4 103.3

 

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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