New Zealand Terms Of Trade Slips 1.5% In Q1
(RTTNews) - The terms of trade in New Zealand dropped a seasonally adjusted 1.5 percent on quarter in the first three months of 2023, Statistics New Zealand said on Friday.
The missed expectations for a decline of 1.3 percent following the 1.8 percent increase in the previous three months.
Export prices fell 6.9 percent in Q1, missing forecasts for a drop of 2.2 percent after easing 0.6 percent in the three months prior. Export volume rose 1.0 percent, beating forecasts for a flat reading after slumping 6.3 percent in the previous quarter.
Import prices dropped 5.4 percent on quarter versus expectations for a fall of 0.8 percent after shedding 2.1 percent in the previous quarter.
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New Zealand Retail Sales Rise 0.5% On Quarter In Q1
The total volume of retail sales in New Zealand was up a seasonally adjusted 0.5 percent on quarter in the first three months of 2024, Statistics New Zealand said on Thursday.
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RBNZ Holds Key Interest Rate; Delays Rate Cut Plan
New Zealand's central bank maintained its benchmark rate for the seventh consecutive session and signaled a delay in rate cuts as services inflation is receding slowly. The Monetary Policy Committee of the Reserve Bank of New Zealand, led by Governor Adrian Orr, decided to hold the Official Cash Rate at 5.50 percent.
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New Zealand Services Index Slumps In April - BusinessNZ
The services sector in New Zealand continued to contract in April, and at a faster rate, the latest survey from BusinessNZ revealed on Monday with a Performance of Services Index score of 47.1.
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New Zealand Manufacturing Index Improves In April - BusinessNZ
The manufacturing sector in New Zealand continued to contract in April, albeit at a slower pace, the latest survey from BusinessNZ revealed on Friday with a score of 48.9.
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New Zealand Building Consents Ease 0.2% In March
The total number of building permits issued in New Zealand was down a seasonally adjusted 0.2 percent on month in March, Statistics New Zealand said on Thursday - coming in at 2,931.
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New Zealand Jobless Rate Rises To 4.3% In Q1
The unemployment rate in New Zealand came in at a seasonally adjusted 4.3 percent in the first quarter of 2024, Statistics New Zealand said on Wednesday.
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New Zealand Inflation Gains 0.6% On Quarter In Q1
Consumer prices in New Zealand were up a seasonally adjusted 0.6 percent on quarter in the first quarter of 2024, Statistics New Zealand said on Wednesday.
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New Zealand Services Index Slumps In March - BusinessNZ
The services sector in New Zealand fell into contraction territory in March, the latest survey from BusinessNZ revealed on Monday with a Performance of Services Index score of 47.5.
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