The New Zealand Activity Index (NZAC) is down 0.6 percent on August last year. Activity indicators were mixed, with a fall in electronic card transaction activity, traffic movements, and the performance of manufacturing index. Job advertisements were up together with a reduction in jobseeker numbers.
* Note that the axis has been capped at 12% to help visualise recent movements in the index. The large positive spike in March through to May is due to abnormally high levels of activity growth relative to the same period last year, when economic activity was significantly curtailed by nationwide COVID-19 restrictions. For more details see the May NZAC news update. The full NZAC dataset can be viewed and downloaded on the Stats NZ COVID-19 data portal.
The next update of the NZAC for September activity is currently scheduled for publication on Wednesday 20 October 2021.