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New Zealand Retail Sales Slump 1.9% In Q4
(RTTNews) - The total volume of retail sales in New Zealand was down a seasonally adjusted 1.9 percent on quarter in the fourth quarter of 2023, Statistics New Zealand said - contracting for the eight straight quarter.
That missed forecasts for a decline of 0.2 percent following the flat reading in the previous three months.
Core retail sales slumped 1.7 percent on quarter, also missing expectations for a decline of 0.1 percent after slipping 0.4 percent in the three months prior.
The total value of seasonally adjusted retail sales was NZ$30 billion, down 1.5 percent on quarter.
The total value of actual stock as at 31 December 2023 was NZ$9.4 billion, down 4.1 percent (NZ$401 million) compared with 31 December 2022.
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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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NZ Dollar Slides Against Most Majors
The New Zealand dollar weakened against most major currencies in the Asian session on Thursday.
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