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New Zealand Building Consents Jump 14.9% In February
(RTTNews) - The total number of building permits issued in New Zealand was up a seasonally adjusted 14,9 percent on month in February, Statistics New Zealand said on Thursday - coming in at 2,795.
That follows the 8.6 percent decline in January.
In the year ended February 2024, the actual number of new dwellings consented was 36,276, down 25 percent from the year ended February 2023.
The annual value of non-residential building work consented was NZ$9.9 billion, up 3.0 percent from the year ended February 2023.
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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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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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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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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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New Zealand Manufacturing Sector Expands In July - BusinessNZ
The manufacturing sector in New Zealand moved up into expansion territory in July, BusinessNZ said on Friday with a seasonally adjusted Performance of Manufacturing Index score of 52.8.
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New Zealand Jobless Rate Climbs To 5.2% In Q2
The unemployment rate in New Zealand came in at a seasonally adjusted 5.2 percent in the second quarter of 2025, Statistics New Zealand said on Wednesday.
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New Zealand Has NZ$142 Million Trade Surplus In June
New Zealand posted a seasonally adjusted merchandise trade surplus of NZ$142 million in June, Statistics New Zealand said on Tuesday.
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New Zealand Annual Inflation Climbs 2.7% In Q2
Consumer prices in New Zealand were up 2.7 percent on year in the second quarter of 2025, Statistics New Zealand said on Monday - up from 2.5 percent in the three months prior but shy of expectations for 2.8 percent.
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