New Zealand Jobless Rate 4.8% In Q3
(RTTNews) - New Zealand posted a seasonally adjusted unemployment rate of 4.8 percent in the third quarter of 2024, Statistics New Zealand said on Wednesday.
That was beneath expectations for 5.0 percent and up from 4.6 percent in the previous quarter.
Overall employment was down 0.5 percent on quarter, shy of forecasts for a fall of 0.4 percent after adding 0.4 percent in the second quarter.
The participation index came in at 71.2 percent, missing forecasts for 71.5 percent and down from 71.7 percent in the three months prior.
The labor cost index rose 0.6 percent on quarter and 3.4 percent on year, slowing from 0.9 percent on quarter and 3.6 percent on year in the second quarter.
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New Zealand Performance Of Services Index Improves To 46.0 - BusinessNZ
The services sector in New Zealand continued to contract in October, albeit at a slower pace, the latest survey from BusinessNZ revealed on Monday with a Performance of Services Index score of 46.0.
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New Zealand Manufacturing PMI Sinks To 45.8 In October - BusinessNZ
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New Zealand Building Permits Rise 2.6% In September
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New Zealand Inflation Slows To 2.2% Annually
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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.
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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.
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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.
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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.
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