New Zealand Inflation Climbs 2.2% On Year In Q4
(RTTNews) - Consumer prices in New Zealand were up 2.2 percent on year in the fourth quarter of 2024, Statistics New Zealand said on Wednesday.
That was unchanged from the previous quarter but was higher than expectations for 2.1 percent.
On a seasonally adjusted quarterly basis, inflation rose 0.5 percent - in line with forecasts and slowing from 0.6 percent in Q3.
Inflation for tradeable items rose 0.3 percent on quarter but fell 1.1 percent on year, while non-tradeable items climbed 0.7 percent on quarter and 4.5 percent on year.
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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
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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 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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New Zealand Building Permits Rebound In November
The number of building consents issued in New Zealand was up a seasonally adjusted 5.3 percent on month in November, Statistics New Zealand said on Monday - erasing the 5.2 percent decline in October.
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New Zealand Has NZ$437 Million Trade Shortfall In November
New Zealand posted a merchandise trade deficit of NZ$437 million in November, Statistics New Zealand said on Friday.
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