New Zealand Terms Of Trade Jumps 5.1% In Q1
(RTTNews) - New Zealand's terms of trade climbed a seasonally adjusted 5.1 percent on quarter in the first quarter of 2024, Statistics New Zealand said on Wednesday.
That exceeded expectations for an increase of 3.1 percent following the 7.8 percent contraction in the three months prior.
Export prices were down 0.3 percent after slipping 4.2 percent in the previous three months, while export volumes climbed 6.3 percent - up from 2.6 percent in the previous quarter.
Import prices slumped 5.1 percent after adding 3.8 percent in the previous three months.
Export values were up 6.6 percent to NZ$16.9 billion, while import values fell 1.2 percent to NZ$18.1 billion.
read more
New Zealand Jobless Rate 4.8% In Q3
New Zealand posted a seasonally adjusted unemployment rate of 4.8 percent in the third quarter of 2024, Statistics New Zealand said on Wednesday.
RTTNews
|
hace 2
New Zealand Building Permits Rise 2.6% In September
The total number of building permits issued in New Zealand was up a seasonally adjusted 2.6 percent on month in September, Statistics New Zealand said on Friday - after slumping 5.2 percent in August.
RTTNews
|
hace 7
New Zealand Inflation Slows To 2.2% Annually
Consumer prices in New Zealand were up 2.2 percent on year in the third quarter of 2024, Statistics New Zealand said on Wednesday in line with expectations and down from 3.3 percent in the previous three months.
RTTNews
|
hace 23
New Zealand Services Sector Unchanged In September - BusinessNZ
The services sector in New Zealand continued to contract in September, and at a steady pace, the latest survey from BusinessNZ revealed on Monday with a Performance of Services Index score of 45.7.
RTTNews
|
hace 25
New Zealand Manufacturing PMI Improves To 46.9 In September - BusinessNZ
The manufacturing sector in New Zealand continued to contract in September, albeit at a slower pace, the latest survey from BusinessNZ revealed on Friday with a manufacturing PMI score of 46.0.
RTTNews
|
hace 28
New Zealand Central Bank Cuts Key Rate By 50 Bps
The Reserve Bank of New Zealand slashed its benchmark rate by 50 basis points on Wednesday, as inflation is converging to the target midpoint, while economic growth is expected to remain subdued in the near term. The Monetary Policy Committee led by Governor Adrian Orr, decided to reduce the Official Cash Rate to 4.75 percent from 5.25 percent. The outcome of the meeting matched expectations.
RTTNews
|
hace 30
New Zealand Building Permits Sink 5.3% In August
The total number of building permits issued in New Zealand was down a seasonally adjusted 5.3 percent on month in August, Statistics New Zealand said on Tuesday - coming in at 2,881 consents.
RTTNews
|
hace 38
New Zealand August Trade Shortfall NZ$2.203 Billion
New Zealand posted a merchandise trade deficit of NZ$2.203 billion in August, Statistics New Zealand said on Monday.
RTTNews
|
hace 46
