New Zealand February Trade Surplus NZ$510 Million

RTTNews | 33天前
New Zealand February Trade Surplus NZ$510 Million

(RTTNews) - New Zealand posted a merchandise trade surplus of NZ$510 million in February, Statistics New Zealand said on Friday.

That beat forecasts for a deficit of NZ$235 million following the downwardly revised NZ$544 million shortfall in January (originally -NZ$486 million).

Exports came in at NZ$6.74 billion, up from the downwardly revised NZ$6.06 billion in the previous month (originally NZ$6.74 billion).

Imports were at NZ$6.23 billion, down from the downwardly revised NZ$6.60 billion a month earlier (originally NZ$6.68 billion).

read more
New Zealand Trade Surplus Tops Expectations

New Zealand Trade Surplus Tops Expectations

New Zealand's trade surplus increased more than expected in March to the highest level since the coronavirus pandemic in 2020 as exports to China and the US logged double-digit growth, official data revealed on Tuesday. The trade surplus rose sharply to NZ$970 million from NZ$392 million in February, Stats NZ said. This was the highest surplus since May 2020.
RTTNews | 1天前
New Zealand Inflation Rises To 2.5%

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.
RTTNews | 6天前
Reserve Bank Of New Zealand Cuts Rate By 25 Bps, Signals Further Easing

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.
RTTNews | 14天前
New Zealand GDP Gains 0.7% In Q4

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.
RTTNews | 34天前
New Zealand Services Sector Falls Into Contraction

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.
RTTNews | 37天前
New Zealand Q4 Retail Sales Volume Climbs 0.9%

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.
RTTNews | 58天前