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Monthly Economic Indicators

New Zealand Key Economic Data

Quarterly Indicators

Quarterly Indicators
    2008Q1 2008Q2 2008Q3 2008Q4 2009Q1 2009Q2 2009Q3
Gross Domestic Product (GDP)
Real production GDP qtr % chg[1] -0.3 -0.4 -0.5 -1.0 -0.8 0.1 ...
ann ave % chg 3.1 2.5 1.5 0.0 -1.1 -1.8 ...
Real private consumption qtr % chg[1] -0.4 -0.5 0.0 -0.2 -1.2 0.4 ...
ann ave % chg 3.2 2.2 1.0 -0.1 -0.8 -1.1 ...
Real public consumption qtr % chg[1] 1.5 0.7 0.0 1.6 0.3 -1.0 ...
ann ave % chg 4.2 4.4 3.8 3.8 3.3 2.3 ...
Real residential investment qtr % chg[1] -4.3 -9.5 -6.8 -14.5 0.2 -2.6 ...
ann ave % chg 4.3 -2.0 -9.7 -18.6 -23.4 -24.9 ...
Real non-residential investment qtr % chg[1] -1.2 5.5 -8.7 -1.1 -6.9 1.3 ...
ann ave % chg 4.1 4.3 3.0 0.0 -3.1 -8.2 ...
Export volumes qtr % chg[1] -2.2 -0.7 -2.4 -3.2 0.6 4.7 ...
ann ave % chg 3.1 2.9 2.6 -1.3 -3.3 -3.9 ...
Import volumes qtr % chg[1] 1.7 1.2 -5.6 -6.7 -8.3 -3.8 ...
ann ave % chg 10.0 10.1 7.9 2.0 -4.7 -12.3 ...
Nominal GDP - expenditure basis ann ave % chg 7.1 5.7 4.3 2.5 1.1 0.7 ...
Real GDP per capita ann ave % chg 2.1 1.5 0.6 -0.9 -2.0 -2.8 ...
Real Gross National Disposable Income ann ave % chg 5.0 4.7 4.2 1.5 -0.7 -1.3 ...
External Trade
Current account balance (annual) NZ$ millions -14128 -14795 -15436 -15968 -14568 -10614 ...
% of GDP -7.9 -8.3 -8.6 -8.9 -8.1 -5.9 ...
Investment income balance (annual) NZ$ millions -13343 -13732 -13728 -13721 -13035 -11027 ...
Merchandise terms of trade qtr % chg 4.2 -0.4 -1.0 -1.0 -2.7 -8.9 ...
ann % chg 11.6 10.7 5.8 1.8 -5.0 -13.1 ...
Prices
CPI inflation qtr % chg 0.7 1.6 1.5 -0.5 0.3 0.6 1.3
ann % chg 3.4 4.0 5.1 3.4 3.0 1.9 1.7
Tradable inflation ann % chg 3.4 4.8 6.3 2.3 1.7 0.2 -0.1
Non-tradable inflation ann % chg 3.5 3.4 4.1 4.3 3.8 3.3 3.0
GDP deflator ann % chg 6.1 3.9 2.2 2.4 2.4 2.0 ...
Consumption deflator ann % chg 2.5 3.3 4.1 3.9 3.8 3.1 ...
Labour Market
Employment (HLFS) qtr % chg[1] -1.2 1.2 0.1 0.8 -1.4 -0.5 ...
ann % chg[1] -0.3 0.8 1.0 1.0 0.8 -0.9 ...
Unemployment rate %[1] 3.8 4.0 4.3 4.7 5.0 6.0 ...
Participation rate %[1] 67.7 68.5 68.6 69.1 68.3 68.4 ...
LCI salary & wage rates - total (adjusted)[5] qtr % chg 0.8 0.8 1.2 0.7 0.6 0.3 ...
ann % chg 3.4 3.6 3.9 3.6 3.4 2.9 ...
LCI salary & wage rates - total (unadjusted)[5] qtr % chg 1.2 1.2 1.7 1.4 0.8 0.6 ...
ann % chg 5.3 5.4 5.6 5.6 5.2 4.6 ...
QES average hourly earnings - total[5] qtr % chg 1.5 1.4 1.5 0.9 1.4 0.7 ...
ann % chg 4.6 5.3 5.5 5.4 5.3 4.5 ...
Labour productivity[6] ann ave % chg 3.1 2.4 1.5 0.4 -1.5 -1.0 ...
Confidence Indicators/Surveys
WMM - consumer confidence[3] Index 97 82 105 101 96 106 120
QSBO - general business situation[4] net % -64.1 -63.7 -19.3 -64.4 -64.6 -24.8 35.6
QSBO - own activity outlook[4] net % -9.7 -22.9 -8.3 -40.9 -38.7 -13.1 23.0

Monthly Indicators

Monthly Indicators
    2009M5 2009M6 2009M7 2009M8 2009M9 2009M10 2009M11
External Sector
Merchandise trade - exports mth % chg[1] -0.8 -1.1 0.3 -7.0 -2.4 -3.0 ...
ann % chg[1] 6.1 -9.7 -7.3 -22.9 -10.9 -23.0 ...
Merchandise trade - imports mth % chg[1] -5.1 18.7 -13.8 -0.6 -0.2 -7.7 ...
ann % chg[1] -21.7 -6.2 -20.8 -21.5 -23.5 -28.8 ...
Merchandise trade balance (12 month total) NZ$ million -2994 -3110 -2491 -2360 -1671 -1164 ...
Visitor arrivals number[1] 205060 196890 205610 204370 212130 210720 ...
Visitor departures number[1] 208000 201990 206700 205160 210140 210420 ...
Housing
Dwelling consents - residential mth % chg[1] 2.9 -9.6 5.4 2.2 5.5 11.7 ...
ann % chg[1] -22.9 -24.4 -16.4 -8.6 -11.9 26.7 ...
House sales - dwellings mth % chg[1] -12.6 9.3 2.3 -1.0 2.2 -5.6 ...
ann % chg[1] 43.9 40.0 33.6 40.3 43.7 36.5 ...
REINZ - house price index mth % chg 2.3 -1.1 1.0 1.2 1.9 1.3 ...
ann % chg -2.1 -1.3 0.9 2.6 5.3 5.0 ...
Private Consumption
Core retail sales mth % chg[1] 1.6 -0.4 -0.5 1.2 0.0 ... ...
ann % chg[1] 3.5 2.3 1.9 2.8 3.1 ... ...
Total retail sales mth % chg[1] 0.7 0.0 -0.5 1.1 0.2 ... ...
ann % chg[1] -1.0 -1.9 -1.7 -0.6 -0.4 ... ...
New car registrations mth % chg[1] -2.9 6.0 7.0 -3.6 7.3 0.9 1.9
ann % chg -33.3 -29.6 -16.4 -18.3 -16.8 -16.8 2.4
Electronic card transactions - total retail mth % chg[1] 0.6 -0.9 0.7 0.4 0.7 -0.2 ...
ann % chg -0.5 0.3 0.2 -1.3 0.6 0.6 ...
Migration
Permanent & long-term arrivals number[1] 7490 6820 7630 6780 6830 6920 ...
Permanent & long-term departures number[1] 4900 5150 5150 5130 4970 4790 ...
Net PLT migration (12 month total) number 11202 12515 14488 15642 17043 18560 ...
Commodity Prices
Brent oil price US$/Barrel 57.50 68.58 64.90 72.59 67.51 72.97 76.94
WTI oil price US$/Barrel 59.26 69.67 64.21 71.06 69.40 75.82 77.97
ANZ NZ commodity price index mth % chg -1.4 -5.0 0.1 -0.5 2.4 -0.3 11.7
ann % chg -11.2 -17.3 -19.5 -21.4 -18.7 -19.2 -8.5
ANZ world commodity price index mth % chg 2.8 0.2 1.0 4.4 6.8 4.7 10.5
ann % chg -28.1 -27.9 -28.5 -22.7 -13.0 -1.5 17.4
Financial Markets
NZD/USD $[2] 0.5989 0.6374 0.6437 0.6754 0.7024 0.7383 0.7309
NZD/AUD $[2] 0.7855 0.7953 0.8011 0.8089 0.8166 0.8157 0.7943
Trade weighted index (TWI) June 1979 = 100[2] 57.95 60.32 60.59 62.85 64.32 66.48 65.24
Official cash rate (OCR) % 2.50 2.50 2.50 2.50 2.50 2.50 2.50
90 day bank bill rate %[2] 2.82 2.78 2.79 2.76 2.77 2.79 2.80
10 year govt bond rate %[2] 5.59 5.97 5.75 5.82 5.63 5.66 6.01
Confidence Indicators/Surveys
National Bank - business confidence net % 1.9 5.5 18.7 34.2 49.1 48.2 43.4
National Bank - activity outlook net % 3.8 8.3 12.6 26.0 32.2 30.5 33.7
ANZ-Roy Morgan - consumer confidence net % 105.8 103.4 107.8 112.3 120 125.9 121.5

Abbreviations

qtr % chg
quarterly percent change
mth % chg
monthly percent change
ann % chg
annual percent change
ann ave % chg
annual average percent change
Data in italics are provisional

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, ANZ-Roy Morgan.

 

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