Economic Calendar and indicators of New Zealand

Overview

Indicator Last Reference Previous Frequency
GDP q/q -0.3% 3 Q 2023 0.5% Quarterly
Unemployment Rate 4.0% 4 Q 2023 3.9% Quarterly
CPI q/q 0.5% 4 Q 2023 1.8% Quarterly
RBNZ Interest Rate Decision 5.50% 5.50%
Trade Balance $​-0.976 B Jan 2024 $​-0.368 B Monthly

Economic Calendar

Time,
Currency
Event
Actual
Forecast
Previous
2024.03.17 21:30, NZD, BusinessNZ Services Index, Actual: 53.0, Previous: 52.2
2024.03.18 20:00, NZD, Westpac McDermott Miller Consumer Confidence, Forecast: 88.1, Previous: 88.9
2024.03.19 14:00, NZD, GDT Price Index, Forecast: -1.4%, Previous: -2.3%
2024.03.19 21:45, NZD, Current Account, Forecast: $​-9.278 B, Previous: $​-11.465 B
2024.03.19 21:45, NZD, Current Account 12-Months, Forecast: $​-28.356 B, Previous: $​-30.579 B
2024.03.19 21:45, NZD, Current Account - GDP Ratio, Forecast: -6.9%, Previous: -7.6%
2024.03.20 21:45, NZD, GDP q/q, Forecast: 0.2%, Previous: -0.3%
2024.03.20 21:45, NZD, GDP y/y, Forecast: 1.9%, Previous: -0.6%
2024.03.20 21:45, NZD, GDP Expenditures q/q, Forecast: 0.8%, Previous: -0.7%
2024.03.20 21:45, NZD, GDP Annual Change, Forecast: 2.2%, Previous: 1.3%
2024.03.21 21:45, NZD, Exports, Previous: $​4.933 B
2024.03.21 21:45, NZD, Imports, Previous: $​5.909 B
2024.03.21 21:45, NZD, Trade Balance, Forecast: $​-1.283 B, Previous: $​-0.976 B
2024.03.21 21:45, NZD, Trade Balance 12-Months, Forecast: $​-12.451 B, Previous: $​-12.496 B
2024.03.22 19:30, NZD, CFTC NZD Non-Commercial Net Positions, Previous: 2.5 K

Economic indicators

Market Last Reference Previous Frequency
CFTC NZD Non-Commercial Net Positions 2.5 K 12 Mar 2024 7.2 K Weekly
GDP Last Reference Previous Frequency
GDP Annual Change 1.3% 3 Q 2023 3.2% Quarterly
GDP Expenditures q/q -0.7% 3 Q 2023 0.9% Quarterly
GDP q/q -0.3% 3 Q 2023 0.5% Quarterly
GDP y/y -0.6% 3 Q 2023 1.5% Quarterly
Labor Last Reference Previous Frequency
Employment Change q/q 0.4% 4 Q 2023 -0.1% Quarterly
Labor Cost Index q/q 1.0% 4 Q 2023 0.8% Quarterly
Labor Cost Index y/y 3.9% 4 Q 2023 4.1% Quarterly
Net Permanent & Long-Term Migration 1.139 K Jul 2021 0.527 K Monthly
Participation Rate 71.9% 4 Q 2023 72.0% Quarterly
Unemployment Rate 4.0% 4 Q 2023 3.9% Quarterly
Visitor Arrivals m/m 8.2% Jan 2024 -2.3% Monthly
Visitor Arrivals y/y 21.7% Jan 2024 14.8% Monthly
Prices Last Reference Previous Frequency
ANZ Commodity Price Index m/m -1.3% Nov 2023 2.8% Monthly
CPI q/q 0.5% 4 Q 2023 1.8% Quarterly
CPI y/y 4.7% 4 Q 2023 5.6% Quarterly
Export Price Index q/q -4.2% 4 Q 2023 -1.4% Quarterly
Export Volume Index q/q 2.6% 4 Q 2023 -5.4% Quarterly
Food Price Index m/m -0.4% Sep 2023 0.5% Monthly
GDT Price Index -2.3% 0.5%
Import Price Index q/q 3.8% 4 Q 2023 -0.9% Quarterly
Import Volume Index q/q -7.0% 4 Q 2023 -3.5% Quarterly
PPI Input q/q 0.9% 4 Q 2023 1.2% Quarterly
PPI Output q/q 0.7% 4 Q 2023 0.8% Quarterly
RBNZ 2-Year Inflation Expectations 2.50% 1 Q 2024 2.76% Quarterly
Terms of Trade Index q/q -7.7% 4 Q 2023 -0.6% Quarterly
Money Last Reference Previous Frequency
RBNZ Interest Rate Decision 5.50% 5.50%
Trade Last Reference Previous Frequency
Current Account $​-11.465 B 3 Q 2023 $​-4.652 B Quarterly
Current Account - GDP Ratio -7.6% 3 Q 2023 -7.6% Quarterly
Current Account 12-Months $​-30.579 B 3 Q 2023 $​-30.203 B Quarterly
Exports $​4.933 B Jan 2024 $​5.851 B Monthly
Imports $​5.909 B Jan 2024 $​6.219 B Monthly
Trade Balance $​-0.976 B Jan 2024 $​-0.368 B Monthly
Trade Balance 12-Months $​-12.496 B Jan 2024 $​-13.615 B Monthly
Government Last Reference Previous Frequency
Net Debt Forecast, % GDP 43.5%
OBEGAL Forecast N/D $​-10.034 B
RBNZ Non-Resident Debt Holdings 57.9% Oct 2023 58.5% Monthly
Business Last Reference Previous Frequency
ANZ Activity Outlook 29.3 Dec 2023 26.3 Monthly
ANZ Business Confidence 33.2 Dec 2023 30.8 Monthly
BusinessNZ Manufacturing Index 49.3 Feb 2024 47.5 Monthly
BusinessNZ Services Index 53.0 Feb 2024 52.2 Monthly
Manufacturing Sales Volume q/q 11.4% 4 Q 2023 -1.1% Quarterly
Manufacturing Sales q/q -0.7% 4 Q 2023 -2.8% Quarterly
Consumer Last Reference Previous Frequency
Core Retail Sales q/q -1.7% 4 Q 2023 0.4% Quarterly
Electronic Card Retail Sales m/m -1.8% Feb 2024 2.0% Monthly
Electronic Card Retail Sales y/y 2.5% Feb 2024 1.6% Monthly
RBNZ Credit Card Spending y/y -2.9% Oct 2023 2.8% Monthly
Retail Sales q/q -1.9% 4 Q 2023 -0.8% Quarterly
Retail Sales y/y -4.1% 4 Q 2023 -3.4% Quarterly
Westpac McDermott Miller Consumer Confidence N/D 1 Q 2024 88.9 Quarterly
Housing Last Reference Previous Frequency
Building Consents m/m -8.8% Jan 2024 3.6% Monthly