Markets Actual Q2/26 Q3/26 Q4/26 Q1/27
Stock Market (points) 12762.92 12845 12489 12258 12032
Currency 0.58 0.59 0.59 0.6 0.6
Government Bond 10Y (%) 4.84 4.73 4.64 4.58 4.53

Overview Actual Q2/26 Q3/26 Q4/26 Q1/27
GDP Growth Rate (%) 0.20 -0.4 0.5 2 2.5
GDP Annual Growth Rate (%) 1.30 1.2 1.4 1.5 1.9
Unemployment Rate (%) 5.30 5.5 5.6 5.4 5.1
Inflation Rate (%) 3.10 4.5 4.6 4.2 3.4
Inflation Rate MoM (%) 0.90 1.9 0.9 0.4 0.3
Interest Rate (%) 2.25 2.25 2.5 3 3.5
Balance of Trade (NZD Million) 698.00 0 -1150 -650 -650
Current Account (NZD Million) -5984.00 -7500 -11000 -6000 -2500
Manufacturing PMI (points) 50.50 51.3 52 50.9 50.9
Business Confidence (points) -10.60 32 40 55 65
Consumer Confidence (points) 94.70 91 92 94 95
Retail Sales MoM (%) 0.90 0.4 0.1 0.4 0.4
Building Permits (Units) 3370.00 3437 3489 3555 3623
Current Account to GDP (% of GDP) -3.70 -4.5
Government Debt to GDP (% of GDP) 41.80 48
Government Budget (% of GDP) -3.10 -2.8

GDP Actual Q2/26 Q3/26 Q4/26 Q1/27
GDP Growth Rate (%) 0.20 -0.4 0.5 2 2.5
GDP Annual Growth Rate (%) 1.30 1.2 1.4 1.5 1.9
GDP Constant Prices (NZD Million) 72457.00 72629 73420 73544 73834
Gross National Product (NZD Million) 77518.00 77624 78242 78681 78991
Gross Fixed Capital Formation (NZD Million) 17049.00 17297 17673 17305 17373
GDP from Mining (NZD Million) 504.00 489 493 512 514
GDP from Utilities (NZD Million) 1818.00 1780 1830 1845 1853
GDP from Services (NZD Million) 49763.00 49635 50100 50509 50708
GDP from Transport (NZD Million) 2934.00 2933 2943 2978 2990
GDP from Public Administration (NZD Million) 3461.00 3421 3492 3513 3527
GDP from Agriculture (NZD Million) 3641.00 3673 3675 3696 3710
GDP from Construction (NZD Million) 4274.00 4353 4396 4338 4355
GDP from Manufacturing (NZD Million) 5510.00 5451 5586 5593 5615
GDP (USD Billion) 260.24 267
GDP per Capita (USD) 41416.28 42535
GDP per Capita PPP (USD) 48162.86 49463
Full Year GDP Growth (%) 0.20 2.7

Labour Actual Q2/26 Q3/26 Q4/26 Q1/27
Unemployment Rate (%) 5.30 5.5 5.6 5.4 5.1
Employed Persons (Thousand ) 2889.00 2880 2860 2880 2880
Employment Change (%) 0.20 0.2 0.3 0.3 0.3
Labor Force Participation Rate (%) 70.40 71 70.9 70.5 70.5
Labour Costs (points) 1450.00 1454 1463 1470 1478
Wage Growth (%) 2.00 1.9 2 1.9 1.9
Minimum Wages (NZD/Hour) 23.95 24
Population (Million) 5.34 5.38

Prices Actual Q2/26 Q3/26 Q4/26 Q1/27
Inflation Rate (%) 3.10 4.5 4.6 4.2 3.4
Inflation Rate MoM (%) 0.90 1.9 0.9 0.4 0.3
Consumer Price Index CPI (points) 1339.00 1365 1380 1383 1385
Core Inflation Rate (%) 3.20 4 3.8 3.4 3
Core Consumer Prices (points) 1336.00 1356 1367 1370 1376
GDP Deflator (points) 1561.00 1604 1613 1627 1614
Export Prices MoM (%) 5.30 0.5 1 0.3 0.4
Producer Prices Change (%) 3.50 4.3 4.1 3.7 3
Commodity Prices YoY (%) 2.50 5 4.8 3.9 3.9
Import Prices MoM (%) 1.50 0.4 1 0.2 0.2
Inflation Expectations (%) 2.53 1.7 1.8 1.7 1.7
Food Inflation (%) 2.60 5.1 4.7 4.4 3.7
CPI Transportation (points) 1306.00 1331 1343 1348 1352
CPI Housing Utilities (points) 1463.00 1491 1514 1515 1513

Money Actual Q2/26 Q3/26 Q4/26 Q1/27
Interest Rate (%) 2.25 2.25 2.5 3 3.5
Deposit Interest Rate (%) 4.60 4.6 4.85 5.35 5.85
Loans to Private Sector (NZD Million) 142660.00 138424 141573 144808 145371

Trade Actual Q2/26 Q3/26 Q4/26 Q1/27
Balance of Trade (NZD Million) 698.00 0 -1150 -650 -650
Current Account (NZD Million) -5984.00 -7500 -11000 -6000 -2500
Imports (NZD Million) 7246.00 7000 7150 7470 7470
Exports (NZD Million) 7944.00 7000 6000 6820 6820
Terms of Trade (points) 1593.00 1533 1532 1533 1533
Tourist Arrivals 358911.00 230000 260000 555000 555000
Tourism Revenues (NZD Million) 4613.00 3300 3300 5400 5400
Current Account to GDP (% of GDP) -3.70 -4.5

Business Actual Q2/26 Q3/26 Q4/26 Q1/27
Manufacturing PMI (points) 50.50 51.3 52 50.9 50.9
Business Confidence (points) -10.60 32 40 55 65
Capacity Utilization (%) 91.20 91.9 92 92.9 92.9
Car Registrations (Units) 5406.00 3700 3700 3700 3700
Manufacturing Sales (%) -0.70 -1 1.3 1 1
Services PMI (points) 48.90 51 51 51 51
Composite PMI (points) 49.40 49.8 51 50.7 50.7

Consumer Actual Q2/26 Q3/26 Q4/26 Q1/27
Consumer Confidence (points) 94.70 91 92 94 95
Retail Sales MoM (%) 0.90 0.4 0.1 0.4 0.4
Retail Sales YoY (%) 4.40 1.5 1.6 2.9 3
Consumer Spending (NZD Million) 45505.00 46081 46209 46188 46370
Bank Lending Rate (%) 9.77 9.77 10.02 10.52 11.02
ANZ Roy Morgan Consumer Confidence Index (points) 80.30 104 107 104 105
Gasoline Prices (USD/Liter) 2.11 2.11 1.81 1.51 1.51
Credit Card Spending (NZD Million) 7084.00 6500 6500 7100 7100

Housing Actual Q2/26 Q3/26 Q4/26 Q1/27
Building Permits (Units) 3370.00 3437 3489 3555 3623
Housing Index (Points) 2317.00 2342 2314 2350 2349
House Price Index YoY (%) -0.20 1.3 1.2 1.7 1.7
Building Permits MoM (%) -1.30 2 1.5 1.9 1.9
Average House Prices (NZD) 912406.00 922315 911327 925590 925035

Government Actual Q2/26 Q3/26 Q4/26 Q1/27
Government Debt to GDP (% of GDP) 41.80 48
Government Budget (% of GDP) -3.10 -2.8