Exports in New Zealand
New Zealand - Exports
The economy seemingly cooled in the first quarter of this year due to the spread of the Omicron variant, following a robust consumer spending-driven rebound in Q4 2021. Electronic card transactions deteriorated in Q1, which, coupled with plunging consumer sentiment and elevated inflation—the highest in 30 years in annual terms—pointed to suppressed household spending. Meanwhile, on the production side of the economy, business sentiment collapsed in February-March, spelling trouble for investment activity. That said, manufacturing PMI readings recorded solid expansions in the quarter. Turning to Q2, in mid-April the country opened its borders to vaccinated Australian visitors after over two years of closure. This should sustain the tourism sector ahead and is a sign of the government’s more tolerant stance toward Covid-19.New Zealand - Exports Data
| 2015 | 2016 | 2017 | 2018 | 2019 | |
|---|---|---|---|---|---|
| Exports (USD billion) | 34.3 | 33.8 | 38.1 | 39.6 | 39.5 |
New Zealand Facts
| Value | Change | Date | |
|---|---|---|---|
| Bond Yield | 1.67 | 1.20 % | Dec 30 |
| Exchange Rate | 0.67 | -1.69 % | Jan 01 |
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Economic News
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New Zealand: Unemployment rate stable in Q1
May 5, 2022
The seasonally-adjusted unemployment rate remained stable in Q1 at Q4 2021’s 3.2%, which had marked the lowest print since 1986.
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New Zealand: Consumer confidence regains some ground in April
May 3, 2022
The ANZ-Roy Morgan consumer confidence indicator rose to 84.4 in April from March’s 77.9, which had marked the worst reading since records began in 2004.
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New Zealand: Business confidence deeply entrenched in pessimistic terrain in April
April 28, 2022
The ANZ bank business outlook indicator dipped in April.
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New Zealand: Inflation jumps to over 30-year high in Q1
April 21, 2022
Consumer prices soared 1.8% from the previous quarter in Q1, coming in above Q4 2021’s 1.4% increase.
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New Zealand: RBNZ tightens its stance again in April
April 14, 2022
At its 13 April meeting, the Reserve Bank of New Zealand (RBNZ) decided to hike the official cash rate to 1.50% from 1.00%, marking the fourth consecutive increase.
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