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New Zealand Has NZ$263 Million Trade Surplus
(RTTNews) - New Zealand posted a merchandise trade surplus of NZ$263 million in May, Statistics New Zealand said on Wednesday.
That follows the downwardly revised NZ$440 million surplus in April (originally (NZ$584 million).
Exports were worth NZ$6.95 billion last month, accelerating from the downwardly revised NZ$6.16 billion in the previous month (originally NZ$631 million).
Imports came in at NZ$6.69 billion, up from the downwardly revised NZ$5.72 billion in April (originally NZ$5.73 billion).
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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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New Zealand Q4 Retail Sales Volume Climbs 0.9%
The total volume of overall retail sales in New Zealand was up a seasonally adjusted 0.9 percent on quarter in the fourth quarter of 2024, Statistics New Zealand said on Monday.
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