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New Zealand Unemployment Rate Rises To 3.3% In Q3
(RTTNews) - The jobless rate in New Zealand came in at a seasonally adjusted 3.3 percent in the third quarter of 2022, Statistics New Zealand said on Wednesday - unchanged from the previous quarter, but missing expectations for 3.2 percent.
The employment change was 1.3 percent on quarter, exceeding forecasts for an increase of 0.5 percent following the flat reading in the three months prior.
The participation rate jumped to 71.7 percent, beating forecasts for 71.0 percent and up from 70.8 percent in the second quarter.
Labor costs rose 3.7 percent on year, accelerating from 3.4 percent in the previous quarter.
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New Zealand Has NZ$1.185 Billion Trade Deficit
New Zealand posted a seasonally adjusted merchandise trade deficit of NZ$1.185 billion in August, Statistics New Zealand said on Friday.
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9 dias atrás
New Zealand Services Index Slumps In August - BusinessNZ
The services sector in New Zealand continued to contract in August, and at a faster pace, the latest survey from BusinessNZ revealed on Monday with a Performance of Services Index score of 47.5.
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13 dias atrás
New Zealand Manufacturing Index Slips Into Contraction - BusinessNZ
The manufacturing sector in New Zealand dropped into contraction territory in August, the latest survey from BusinessNZ revealed on Friday with a Performance of Manufacturing Index score of 49.9.
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New Zealand Building Consents Climb 5.4% In July
The total number of building permits issued in New Zealand was up a seasonally adjusted 5.4 percent on month in July, Statistics New Zealand said on Monday - coming in at 3,252.
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27 dias atrás
New Zealand Retail Sales Climb 0.5% In Q2
The total volume of retail sales in New Zealand was up a seasonally adjusted 0.5 percent on quarter in the second quarter of 2025, Statistics New Zealand said on Monday - coming in at NZ$25 billion.
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34 dias atrás
New Zealand Has NZ$578 Million Trade Deficit
New Zealand posted a merchandise trade deficit of NZ$578 million in July, Statistics New Zealand said on Thursday.
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38 dias atrás
New Zealand Hints At More Interest Rate Cuts
The Reserve Bank of New Zealand reduced its key interest rate by 25 basis points to a three-year low and hinted at further easing on Wednesday. The Monetary Policy Committee, governed by Christian Hawkesby, voted to lower the Official Cash Rate to 3 percent from 3.25 percent. The bank has reduced the rate by 250 basis points since August 2024.
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38 dias atrás
New Zealand Services Index Improves To 48.9 - BusinessNZ
The services sector in New Zealand continued to contract in July, albeit at a slower rate, the latest survey from BusinessNZ revealed on Monday with a Performance of Services Index score of 48.9.
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41 dias atrás
