Trade Balance in New Zealand
New Zealand - Trade BalanceGrowth appears to have picked up in the first quarter despite the global slowdown. Although household spending likely moderated amid slower retail sales, fixed investment growth is expected to have accelerated on increased construction activity. Moreover, export growth sped up in Q1, buttressed by higher demand from China. Turning to the second quarter, momentum seems to have been partly sustained. Upbeat electronic card transactions in April-May point to stronger consumption than in Q1, while the scrapping of a planned capital gains tax in April and a cut to the official cash rate (OCR) in May likely boosted investment. Moreover, solid export growth in April signaled that the external sector got off to a strong start in Q2. On 17 May, the Central Bank proposed to gradually lift capital requirements for banks from 8.5% to 16.0% in order to increase financial stability; however, banks claim that the measure could limit the availability of credit.
New Zealand - Trade Balance Data
|Trade Balance (USD billion)||-||-||-||-||-|
5 years of economic forecasts for more than 30 economic indicators.
New Zealand Trade Balance Chart
Source: Statistics New Zealand and FocusEconomics calculations.
New Zealand Facts
|Bond Yield||1.56||1.20 %||Jul 11|
|Exchange Rate||0.67||-1.69 %||Jul 11|
|Stock Market||4,659||0.11 %||Jul 11|
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July 16, 2019
Consumer prices increased 0.6% in Q2 2019 over the previous quarter, up notably from Q1 0.1% uptick, according to Statistics New Zealand.
June 28, 2019
The ANZ-Roy Morgan consumer confidence indicator rose to 122.6 in June (May: 119.3), moving further above the 100-point threshold that separates optimism from pessimism among consumers. Consumers were more optimistic about their current financial situation, and they also grew more confident about their future financial conditions.
June 28, 2019
The ANZ bank business outlook indicator fell by 6.1 points in June, with a net 38.1% firms reporting that they expect general business conditions to deteriorate this year.
June 26, 2019
On 26 June, the Reserve Bank of New Zealand (RBNZ) left the official cash rate (OCR) unchanged at an all-time low of 1.50%.
June 20, 2019
The economy expanded 0.6% in quarter-on-quarter seasonally-adjusted terms in the first quarter, unchanged from Q4 2018’s result.