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 Manufacturing Index Eases To 5.1 - BusinessNZ
The manufacturing sector in New Zealand continued to expand, albeit at a slower rate, the latest survey from BusinessNZ revealed on Friday with a Performance of Manufacturing Index score of 53.1.
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New Zealand Q2 Terms Of Trade Tumbles 9.0%
New Zealand's terms of trade dropped a seasonally adjusted 9.0 percent on quarter in the second quarter of 2026, Statistics New Zealand said on Thursday.
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12 days ago
New Zealand Hikes Interest Rate For Second Straight Time
The Reserve Bank of New Zealand delivered back-to-back rate hikes to contain inflation and also signaled further tightening. The Monetary Policy Committee, governed by Anna Breman, decided to raise the Official Cash Rate by 25 basis points to 2.75 percent.
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New Zealand Building Permits Sink 4.3% In July
The total number of building permits issued in New Zealand was down a seasonally adjusted 4.3 percent on month in July, Statistics New Zealand said on Wednesday - coming in at 3,579.
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13 days ago
New Zealand Retail Sales Sink 0.5% In Q2
The volume of retail sales in New Zealand was down a seasonally adjusted 0.5 percent on quarter in the second quarter of 2026, Statistics New Zealand reported on Monday - coming in at NZ$26 billion.
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22 days ago
New Zealand July Trade Shortfall NZ$1.9 Billion
New Zealand posted a seasonally adjusted merchandise trade deficit of NZ$1.9 billion in July, Statistics New Zealand said on Friday/
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NZ Dollar Advances Against Majors
The New Zealand dollar strengthened against other major currencies in the European session on Thursday.
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New Zealand PPI Inputs Climb 2.9% In Q2
New Zealand producer price inputs were up 2.9 percent on quarter in the second quarter of 2026, Statistics New Zealand said on Wednesday.
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27 days ago
