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New Zealand Inflation Jumps 7.2% On Year In Q4
(RTTNews) - Consumer prices in New Zealand were up 7.2 percent on year in the fourth quarter of 2022, Statistics New Zealand said on Wednesday.
That was unchanged from Q3 and exceeded expectations for 7.1 percent.
Individually, prices rose 8.0 percent on year for housing, 11 percent for food and 8.4 percent for transportation.
On a seasonally adjusted quarterly basis, inflation rose 1.4 percent - slowing from 2.2 percent in the three months prior but beating forecasts for 1.3 percent.
Individually, prices rose 1.3 percent on quarter for housing, 1.8 percent for food and 3.4 percent for recreation.
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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.
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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.
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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.
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New Zealand February Trade Surplus NZ$510 Million
New Zealand posted a merchandise trade surplus of NZ$510 million in February, Statistics New Zealand said on Friday.
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New Zealand GDP Gains 0.7% In Q4
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.
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New Zealand Q4 Current Account Deficit NZ$5.9 Billion
New Zealand posted a seasonally adjusted current account deficit of NZ$5.9 billion in the fourth quarter of 2024, Statistics New Zealand said on Wednesday.
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New Zealand Services Sector Falls Into Contraction
The services sector in New Zealand slipped into contraction territory in February, the latest survey from BusinessNZ revealed on Monday with a Performance of Services Index score of 49.1.
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New Zealand Manufacturing PMI Climbs To 53.9 In February - BusinessNZ
The manufacturing sector in New Zealand continued to expand in February, and at a faster rate, the latest survey from BusinessNZ revealed on Friday with a Performance of Manufacturing Index score of 53.9.
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