Stock Market in New Zealand
New Zealand - Stock MarketThe economy likely recovered in Q3 and conditions remain upbeat in Q4. Electronic card transactions rose notably in Q3, which, coupled with higher consumer confidence, points to stronger household spending, although a jump in the unemployment rate calls for caution. Similarly, improved business sentiment suggests that private sector activity bounced back in Q3. Moving to Q4, rising business and consumer confidence in October bodes well for activity. Meanwhile, Prime Minister Jacinda Ardern secured support from the Green Party for her next term in government. She named a new cabinet whose main focus will be on the economic recovery, as indicated by the appointment of Finance Minister Grant Robertson as deputy prime minister. The new government announced it will extend the small business loan scheme and boost funding for the flexi-wage job support program.
New Zealand - Stock Market Data
|Stock Market (annual variation in %)||8.5||4.5||17.3||1.4||26.0|
5 years of economic forecasts for more than 30 economic indicators.
New Zealand Facts
|Bond Yield||1.67||1.20 %||Dec 30|
|Exchange Rate||0.67||-1.69 %||Jan 01|
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February 24, 2021
At its meeting on 24 February, the Reserve Bank of New Zealand (RBNZ) decided to hold the official cash rate (OCR) steady at its record low of 0.25%, and at the same time left the scale of its monetary stimulus program unchanged.
February 8, 2021
The ANZ-Roy Morgan consumer confidence indicator rose to 113.8 in January from December’s 112.0.
February 8, 2021
The ANZ bank business outlook indicator rose again in February, recording the highest print since September 2017.
February 3, 2021
The seasonally-adjusted unemployment rate fell to 4.9% in Q4 from 5.3% in the previous quarter, which had marked the highest print since Q4 2016.
January 22, 2021
Consumer prices increased 0.5% in Q4 2020, coming in below Q3’s 0.7% rise.