New Zealand GDP Sinks 0.6% In Q4
(RTTNews) - New Zealand's gross domestic product contracted a seasonally adjusted 0.6 percent on quarter in the fourth quarter of 2022, Statistics New Zealand said on Thursday.
That missed forecasts for a decline of 0.2 percent following the downwardly revised 1.7 percent increase in the three months prior (originally 2.0 percent).
On an annualized basis, GDP climbed 2.2 percent - again shy of expectations for again of 3.3 percent following the 6.4 percent increase in the third quarter.
GDP rose 2.4 percent over the year ended December 2022.
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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 Services Index Expands In January - BusinessNZ
The services sector in New Zealand climbed up into expansion territory in January, the latest survey from BusinessNZ revealed on Monday with a Performance of Services Index score of 50.4.
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New Zealand Manufacturing Sector Climbs Into Expansion - BusinessNZ
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New Zealand Jobless Rate Climbs To 5.1% In Q4
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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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41 days ago
