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New Zealand Terms Of Trade Climbs 2.4% In Q3
(RTTNews) - The terms of trade in New Zealand rose a seasonally adjusted 2.4 percent on quarter in the third quarter of 2024, Statistics New Zealand said on Tuesday.
That exceeded expectations for a gain of 1.2 percent and was up from 2.1 percent in the previous three months
Export prices were up 0.7 percent on quarter, missing forecasts for an increase of 1.4 percent following the 5.2 percent gain in the second quarter.
Import prices slumped 1.7 percent on quarter versus expectations for a decline of 0.6 percent following the 3.1 percent gain in Q2.
Export volumes for goods fell 1.8 percent and import volumes rose 3.0 percent and export values for goods fell 0.3 percent and import values rose 1.1 percent.
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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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New Zealand Central Bank Cuts Rate; Signals Steeper Easing
The Reserve Bank of New Zealand cut its interest rate further by 50 basis points on Thursday and signalled more reductions this year to support economic growth. The Monetary Policy Committee of the Reserve Bank of New Zealand, led by Governor Adrian Orr, decided to lower the Official Cash Rate to 3.75 percent from 4.25 percent. The bank has lowered the rate by 175 basis points since August.
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New Zealand Jobless Rate Climbs To 5.1% In Q4
The unemployment rate in New Zealand came in at a seasonally adjusted 5.1 percent in the fourth quarter of 2024, Statistics New Zealand said on Wednesday - in line with expectations and up from 4.8 percent in the previous three months.
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New Zealand Building Consents Sink 5.6% In December
The total number of building permits issued in New Zealand in December was down a seasonally adjusted 5.6 percent on month in December, Statistics New Zealand said on Tuesday - coming in at 2,478.
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New Zealand Inflation Climbs 2.2% On Year In Q4
Consumer prices in New Zealand were up 2.2 percent on year in the fourth quarter of 2024, Statistics New Zealand said on Wednesday.
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New Zealand Manufacturing PMI Improves To 45.9 - BusinessNZ
The manufacturing sector in New Zealand continued to contract in December, albeit at a slower pace, the latest survey from BusinessNZ revealed on Friday with a manufacturing PMI score of 45.9.
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