Tag Archives: New Zealand

New Zealand’s economy grew less than economists expected in the final three months of 2021 as it bounced back from a contraction caused by a lockdown in largest city Auckland. Gross domestic product rose 3% from the third quarter, when it fell a revised 3.6%, Statistics New Zealand said Thursday …

Consumer prices in New Zealand rose the most in three decades last quarter, reinforcing the outlook for higher interest rates after the Federal Reserve added momentum to the global withdrawal of pandemic-era stimulus.New Zealand’s consumer price index for the October-December quarter was 5.9% higher than a year earlier, an acceleration …

The number of building consents issued for new dwellings in New Zealand rose 0.6 percent month-over-month to 4,206 in November of 2021, following a downwardly revised 2.1 percent fall in the previous month. In the year ended in November 2021, the actual number of new dwellings consented was 48,522 up …

ANZ-Roy Morgan Consumer Confidence was up 1.4pts to 107.4 on the second weekend of November. Consumer Confidence is below the 2021 weekly average of 108.2. However, Consumer Confidence is now 2.9 points higher than the same week a year ago, November 21/22, 2020 (104.5).Consumer Confidence this week was up in …

New Zealand’s key sub-indices of production; namely Purchasing Managers’ Index (PMI) for the manufacturing sector (rose to 54.0) from prior reading at 51.4 and New Orders (53.9) were both in positive territory for the first time since July. Deliveries (59.9) led the way towards catching up on the economic activity, …

Financial markets stayed calm, on Monday, ahead the storm of three central bank meetings this week; the Reserve Bank of Australia meets Tuesday, the U. S. Fed on Wednesday and the Bank of England Thursday.Global stock markets rose helped by developments on fiscal stimulus and undeterred by concerns of future …

Prices of residential property across New Zealand rose by 15.4% to $795,000 in September 2021 compared to $689,000 in September 2020, according to the latest data from the Real Estate Institute of New Zealand (REINZ).Seven out of 16 regions reached new record median prices, the most since April 2021. Nine …

The Reserve Bank of New Zealand’s Monetary Policy Statement is out.  RBNZ leaves the official cash rate unchanged at 0.25% as expected The Reserve Bank will halt additional asset purchases under the Large Scale Asset Purchase (LSAP) programme by 23 July 2021. The Committee will keep the Official Cash Rate (OCR) …

Inflation in New Zealand increased during the first quarter (Q1) of the year, increasing the signals that the Reserve Bank of New Zealand (RBNZ) could maintain interest rates for some time. The consumer price index (CPI) rose by 1.5% during Q1 of 2021 on an annual basis, according to data …

New Zealand’s gross domestic product fell a seasonally adjusted 12.2% in Q2, data showed on Thursday GDP prod based (QoQ) sa (q2): -12.2% (est -12.8%, prev -1.6%). GDP prod based (YoY) sa (q2): -12.4% (est -13.3%, prev -0.2%). Annual average prod-based GDP -2.0% in Q2 vs year ago (Reuters poll …