News and updates

Release of January 2021 update to NZAC

Issue date:

The January 2021 update of the Treasury's NZ Activity Index (NZAC) was released today.

Key points to note:

  • Activity in January is around 0.8% up on same month last year.
  • Electronic card spending declined compared to January 2020. 
  • Heavy traffic declined but light traffic rose compared to January 2020.
  • PMI is at its highest since August 2020.

A graph showing how the NZ Activity Index has tracked from 2017 to January 2021


The next update of the NZAC for February activity is scheduled for publication on 12 March.

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.

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