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New Zealand GDP Gains 0.7% In Q4
(RTTNews) - New Zealand's gross domestic product expanded a seasonally adjusted 0.7 percent on quarter in the fourth quarter of 2024, Statistics New Zealand said on Thursday.
That beat forecast for an increase of 0.4 percent following the downwardly revised 1.1 percent contraction in the three months prior (originally -1.0 percent).
On a yearly basis, GDP was down 1.1 percent - again beating expectations for a fall of 1.4 percent following the downwardly revised 1.6 percent drop in the previous three months (originally -1.5 percent).
Expenditure on GDP rose 0.8 percent on quarter, while GDP per capita rose 0.4 percent and real gross national disposable income rose 1.5 percent.
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New Zealand Unemployment Rate Ticks Up To 5.3% In Q3
The jobless rate in New Zealand came in at a seasonally adjusted 5.3 percent in the third quarter of 2025, Statistics New Zealand said on Wednesday.
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1 day ago
New Zealand Building Permits Jump 7.2% In September
The total number of building permits issued in New Zealand was up a seasonally adjusted 7.2 percent on month in September, Statistics New Zealand said on Monday - coming in at 3,747.
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3 days ago
New Zealand Annual Inflation Climbs 3.0% On Year
Consumer prices in New Zealand were up 3.0 percent on year in the third quarter of 2025, Statistics New Zealand said on Monday - in line with expectations and up from 2.7 percent in the three months prior.
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17 days ago
No Change For New Zealand Performance Of Manufacturing Index - BusinessNZ
The manufacturing sector in New Zealand continued to contract in September, albeit barely, the latest survey from BusinessNZ revealed on Friday with a Performance of Manufacturing Index score of 49.9.
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27 days ago
New Zealand Cuts Rate By 50 Bps; Signals More Easing
The Reserve Bank of New Zealand reduced its benchmark rate at a steeper-than-expected pace on Wednesday and signaled further reductions. The Monetary Policy Committee, chaired by Christian Hawkesby, decided to cut the overnight cash rate by 50 basis points to 2.50 percent, the lowest since July 2022. The reduction was steeper than the quarter-point cut anticipated by economists.
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28 days ago
New Zealand Building Consents Climb 5.8 Percent In August
The total number of building permits issued in New Zealand was up a seasonally adjusted 5.8 percent on month in August, Statistics New Zealand said on Wednesday - up from 5.3 percent in July.
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36 days ago
New Zealand Has NZ$1.185 Billion Trade Deficit
New Zealand posted a seasonally adjusted merchandise trade deficit of NZ$1.185 billion in August, Statistics New Zealand said on Friday.
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47 days ago
New Zealand Services Index Slumps In August - BusinessNZ
The services sector in New Zealand continued to contract in August, and at a faster pace, the latest survey from BusinessNZ revealed on Monday with a Performance of Services Index score of 47.5.
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52 days ago
