Markets Actual Q1/26 Q2/26 Q3/26 Q4/26
Currency 0.60 0.6 0.61 0.61 0.62
Stock Market (points) 13532.31 13200 12797 12549 12305
Government Bond 10Y (%) 4.36 4.33 4.24 4.19 4.14

Overview Actual Q1/26 Q2/26 Q3/26 Q4/26
GDP Growth Rate (%) 1.10 0.8 0.5 0.8 0.9
GDP Annual Growth Rate (%) 1.30 0.7 1.5 2.3 2.5
Unemployment Rate (%) 5.40 5.3 5.2 5.1 4.9
Inflation Rate (%) 3.10 2.5 2.4 2.3 2.2
Inflation Rate MoM (%) 0.60 0.4 0.4 0.8 0.5
Interest Rate (%) 2.25 2.25 2.25 2.25 2.5
Balance of Trade (NZD Million) -519.00 270 0 -1150 -650
Current Account (NZD Million) -8370.00 -6300 -7500 -11000 -6000
Manufacturing PMI (points) 55.20 50 51.3 52 50.9
Business Confidence (points) 64.10 75 71 69 70
Retail Sales MoM (%) 0.90 0.4 0.4 0.1 0.4
Consumer Confidence (points) 96.50 95 102 104 105
Building Permits (Units) 3250.00 3237 3302 3351 3415
Current Account to GDP (% of GDP) -5.70 -4.5
Government Debt to GDP (% of GDP) 45.20 48
Government Budget (% of GDP) -3.10 -0.5

GDP Actual Q1/26 Q2/26 Q3/26 Q4/26
GDP Growth Rate (%) 1.10 0.8 0.5 0.8 0.9
GDP Annual Growth Rate (%) 1.30 0.7 1.5 2.3 2.5
GDP Constant Prices (NZD Million) 72607.00 72777 72746 74277 74422
Gross National Product (NZD Million) 77386.00 76628 77833 79166 79321
Gross Fixed Capital Formation (NZD Million) 17702.00 17495 17404 18109 18145
GDP from Utilities (NZD Million) 1800.00 1760 1785 1841 1845
GDP from Public Administration (NZD Million) 3446.00 3377 3430 3525 3532
GDP from Agriculture (NZD Million) 3662.00 3648 3679 3746 3754
GDP from Construction (NZD Million) 4389.00 4474 4381 4490 4499
GDP from Transport (NZD Million) 2909.00 2967 2934 2976 2982
GDP from Mining (NZD Million) 486.00 504 489 497 498
GDP from Services (NZD Million) 49401.00 49417 49759 50537 50636
GDP from Manufacturing (NZD Million) 5502.00 5642 5467 5629 5640
GDP (USD Billion) 260.24 267
GDP per Capita (USD) 41416.28 42452
GDP per Capita PPP (USD) 48162.86 49367
Full Year GDP Growth (%) -0.50 2.5

Labour Actual Q1/26 Q2/26 Q3/26 Q4/26
Unemployment Rate (%) 5.40 5.3 5.2 5.1 4.9
Employed Persons (Thousand ) 2886.00 2900 2880 2860 2880
Employment Change (%) 0.50 0.3 0.2 0.3 0.3
Labor Force Participation Rate (%) 70.50 70.9 71 70.9 70.5
Labour Costs (points) 1434.00 1444 1454 1463 1461
Wage Growth (%) 2.00 1.8 1.9 2 1.9
Minimum Wages (NZD/Hour) 23.95 24
Population (Million) 5.34 5.51

Prices Actual Q1/26 Q2/26 Q3/26 Q4/26
Inflation Rate (%) 3.10 2.5 2.4 2.3 2.2
Inflation Rate MoM (%) 0.60 0.4 0.4 0.8 0.5
Consumer Price Index CPI (points) 1327.00 1331 1337 1349 1356
Core Consumer Prices (points) 1325.00 1327 1338 1346 1352
Core Inflation Rate (%) 3.20 2.5 2.6 2.2 2
GDP Deflator (points) 1541.00 1559 1573 1576 1575
Producer Prices Change (%) 3.50 2 2.3 2.1 1.7
Commodity Prices YoY (%) -2.30 6.1 5 4.8 3.9
Export Prices MoM (%) -1.60 0.3 0.5 1 0.3
Import Prices MoM (%) 0.50 0.6 0.4 1 0.2
Inflation Expectations (%) 2.37 1.7 1.7 1.8 1.7
Food Inflation (%) 4.60 4.3 3.3 2 1.7
CPI Transportation (points) 1287.00 1292 1297 1308 1314
CPI Housing Utilities (points) 1454.00 1450 1461 1480 1486

Money Actual Q1/26 Q2/26 Q3/26 Q4/26
Interest Rate (%) 2.25 2.25 2.25 2.25 2.5
Deposit Interest Rate (%) 4.12 4.12 4.12 4.12 4.37
Loans to Private Sector (NZD Million) 142679.00 138048 138835 142829 146246

Trade Actual Q1/26 Q2/26 Q3/26 Q4/26
Balance of Trade (NZD Million) -519.00 270 0 -1150 -650
Current Account (NZD Million) -8370.00 -6300 -7500 -11000 -6000
Exports (NZD Million) 6210.00 6500 7000 6000 6820
Imports (NZD Million) 6730.00 6230 7000 7150 7470
Terms of Trade (points) 1567.00 1574 1576 1575 1576
Tourist Arrivals 502640.00 369000 230000 260000 555000
Tourism Revenues (NZD Million) 3300.00 6000 3300 3300 5400
Current Account to GDP (% of GDP) -5.70 -4.5

Business Actual Q1/26 Q2/26 Q3/26 Q4/26
Manufacturing PMI (points) 55.20 50 51.3 52 50.9
Business Confidence (points) 64.10 75 71 69 70
Capacity Utilization (%) 89.80 90 91.9 92 92.9
Car Registrations (Units) 3168.00 3980 3700 3700 3700
Manufacturing Sales (%) 0.90 -0.8 -1 1.3 1
Services PMI (points) 50.90 50.6 51 51 51
Composite PMI (points) 52.50 50.4 50.8 51 50.7

Consumer Actual Q1/26 Q2/26 Q3/26 Q4/26
Retail Sales MoM (%) 0.90 0.4 0.4 0.1 0.4
Consumer Confidence (points) 96.50 95 102 104 105
Retail Sales YoY (%) 4.40 2.8 1.5 1.6 2.9
Consumer Spending (NZD Million) 45596.00 45735 46220 46645 46736
Bank Lending Rate (%) 9.74 9.74 9.74 9.74 9.99
ANZ Roy Morgan Consumer Confidence Index (points) 107.20 105 104 107 104
Gasoline Prices (USD/Liter) 1.53 1.55 1.61 1.65 1.7
Credit Card Spending (NZD Million) 6907.00 6900 6500 6500 7100

Housing Actual Q1/26 Q2/26 Q3/26 Q4/26
Building Permits (Units) 3250.00 3237 3302 3351 3415
Housing Index (Points) 2312.00 2318 2342 2314 2350
Average House Prices (NZD) 910285.00 912967 922315 911327 925590
Building Permits MoM (%) -4.60 -0.4 2 1.5 1.9
House Price Index YoY (%) -0.40 1 1.3 1.2 1.7

Government Actual Q1/26 Q2/26 Q3/26 Q4/26
Government Debt to GDP (% of GDP) 45.20 48
Government Budget (% of GDP) -3.10 -0.5