New Zealand Economic Outlook
October 18, 2016Strong net migration and a robust performance in construction, retail trade and the tourism sectors have shielded the economy of New Zealand from external headwinds and sluggish demand for the country’s key commodities. A strengthening labor market, accommodative credit conditions and net wealth gains suggest that domestic demand remains strong in the second half of the year. In September, the business confidence index rose to an over one-year high, adding to the list of indicators such as consumer confidence whose performance suggests that the economy remains on a solid footing in Q3.
New Zealand Economy Data
5 years of New Zealand economic forecasts for more than 30 economic indicators.
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New Zealand Facts
|Bond Yield||2.62||-0.95 %||Oct 20|
|Exchange Rate||0.72||-0.50 %||Oct 20|
|Stock Market||3,348||-0.04 %||Oct 20|
New Zealand Economic Growth
October 18, 2016Robust domestic demand is boosting New Zealand’s economic prospects and accommodative monetary policy promises to fuel growth further in the coming months. On the downside, a strong currency has the potential to stifle export growth. Panelists surveyed this month expect the economy to expand 3.0% in 2016, which is up 0.2 percentage points from last month’s forecast. For 2017, the panel expects the economy to expand 2.7%.
New Zealand Economic News
October 19, 2016
In Q3, consumer prices edged down from the quarter-on-quarter seasonally-adjusted 0.4% increase observed in Q2 to 0.2%.
September 30, 2016
Economic sentiment among New Zealand businesses rebounded in September after declining for two consecutive months.
September 22, 2016
At its meeting held on 22 September, the Reserve Bank of New Zealand (RBNZ) decided to keep the Official Cash Rate (OCR) at 2.00%.
September 19, 2016
New Zealanders’ confidence rose in Q3 after having deteriorated in the previous two quarters.
September 15, 2016
GDP grew a seasonally-adjusted 0.9% over the previous quarter in Q2, which matched the result tallied in Q1.