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New Zealand GDP Slips 0.1% In Q4
(RTTNews) - Singapore's gross domestic product contracted a seasonally adjusted 0.1 percent on quarter in the fourth quarter of 2023, Statistics New Zealand said on Thursday.
That was shy of forecasts for an increase of 0.1 percent following the 0.3 percent decline in the previous three months as the country remains in recession.
Expenditure on GDP was flat on quarter, while GDP per capita fell 0.7 percent and real gross national disposable income fell 1.4 percent. Expenditure on GDP fell 0.6 percent and income GDP was down 0.6 percent.
On an annualized basis, GDP fell 0.3 percent - again missing forecasts for a gain of 0.1 percent after sinking 0.6 percent in the third quarter.
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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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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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