Advertisement
New Zealand Annual Inflation Slows To 5.6% In Q3
(RTTNews) - Consumer prices in New Zealand were up 5.6 percent on year in the third quarter of 2023, Statistics New Zealand said on Tuesday.
That was beneath expectations for 5.9 percent and down from 6.0 percent in the three months prior.
On a seasonally adjusted quarterly basis, inflation rose 1.8 percent - again below forecasts for 2.0 percent but up sharply from 1.1 percent in the second quarter.
Non-tradeable inflation was up 1.7 percent on quarter and 6.3 percent on year, while tradeable inflation rose 1.8 percent on quarter and 4.7 percent on year.
read more
New Zealand Building Consents Slump 15.6% In April
The total number of building permits issued in New Zealand was down a seasonally adjusted 15.6 percent on month in April, Statistics New Zealand said on Friday - following the 10.7 percent increase in March.
In April, there were 2,418 new dwellings consented, comprising: 1,148 stand-alone houses; 1,105 townhouses, flats, and units; 85 retirement village units; and 80 apartments.
RTTNews
|
13 h 2 min atrás
New Zealand Cuts Interest Rate By 25 Bps As Expected
The Reserve Bank of New Zealand reduced its benchmark rate by a quarter-point, as widely expected on Wednesday, as higher trade tariffs and increased policy uncertainties overseas are set to weigh on domestic economic outlook. The Monetary Policy Committee, led by acting governor Christian Hawkesby, decided to cut the Official Cash Rate by 25 basis points to 3.25 percent. The decision was passed
RTTNews
|
2 dias atrás
New Zealand Retail Sales Rise 0.8% In Q1
The total volume of retail sales in New Zealand was up a seasonally adjusted 0.8 percent on quarter in the first quarter of 2025, Statistics New Zealand said on Friday.
RTTNews
|
7 dias atrás
New Zealand Manufacturing PMI Accelerates In April - BusinessNZ
The manufacturing sector in New Zealand continued to expand in April, and at a faster pace, the latest survey from BusinessNZ revealed on Friday with a Performance of Manufacturing Index score of 53.9.
RTTNews
|
14 dias atrás
New Zealand Building Consents Climb 9.6% In March
The total number of building permits issued in New Zealand was up a seasonally adjusted 9.6 percent on month in March, Statistics New Zealand said on Friday - up sharply from the 0.7 percent increase in February.
RTTNews
|
28 dias atrás
New Zealand Trade Surplus Tops Expectations
New Zealand's trade surplus increased more than expected in March to the highest level since the coronavirus pandemic in 2020 as exports to China and the US logged double-digit growth, official data revealed on Tuesday. The trade surplus rose sharply to NZ$970 million from NZ$392 million in February, Stats NZ said. This was the highest surplus since May 2020.
RTTNews
|
38 dias atrás
New Zealand Inflation Rises To 2.5%
New Zealand inflation accelerated for the first time in nearly three years in the first quarter but it remained well within the central bank target, official data showed on Thursday. Consumer price inflation rose to 2.5 percent in the first quarter from 2.2 percent in the preceding period, Sats NZ reported.
RTTNews
|
43 dias atrás
Reserve Bank Of New Zealand Cuts Rate By 25 Bps, Signals Further Easing
The Reserve Bank of New Zealand reduced its benchmark rate by a quarter-point, as expected on Wednesday, and hinted at further easing as recent increases in trade tariffs pose downside risks to economic outlook. The Monetary Policy Committee, led by acting governor Christian Hawkesby, decided to cut the Official Cash Rate by 25 basis points to 3.50 percent, which was the lowest since October 2022.
RTTNews
|
51 dias atrás
