The November 2020 update of the Treasury's NZ Activity Index (NZAC) was released today.
Key points to note:
- Activity in November is around 1.6% up on same month last year.
- Most constituent indicators are above 2019 levels.
- The number of people receiving income support has been declining since August.
The next update of the NZAC for December activity is scheduled for publication in mid-to-late January 2021. This will take into account the September quarter GDP release due to be published on 17 December 2020. Depending on the level of September quarter GDP, there may be a revision to the scaling of NZAC (see the NZAC technical note for more details).
For more details, you'll find the NZAC first up in this week's Weekly Economic Update.
To access the data, visit the Stats NZ COVID-19 data portal.