Markets Actual Q2/26 Q3/26 Q4/26 Q1/27
Stock Market (points) 13495.24 13487 12993 12749 12509
Currency 0.56 0.56 0.57 0.58 0.58
Government Bond 10Y (%) 4.37 4.37 4.26 4.2 4.15

Overview Actual Q2/26 Q3/26 Q4/26 Q1/27
GDP Growth Rate (%) 0.80 -0.4 0.4 0.7 1.1
GDP Annual Growth Rate (%) 1.50 1.2 1.3 1.2 1.5
Unemployment Rate (%) 5.30 5.4 5.5 5.6 5.5
Inflation Rate (%) 3.10 4.5 4.6 4.4 4
Inflation Rate MoM (%) 0.90 1.9 1.2 0.4 0.5
Interest Rate (%) 2.25 2.25 2.5 3 3.5
Balance of Trade (NZD Million) 800.00 200 -1170 30 190
Current Account (NZD Million) -1008.00 -7500 -11000 -6000 -4500
Manufacturing PMI (points) 49.90 49 48.9 50.1 50.9
Business Confidence (points) 10.00 11 -12 -6 -8
Consumer Confidence (points) 80.40 92.9 89 85 86
Retail Sales MoM (%) 0.90 0.4 0.1 0.4 0.3
Building Permits (Units) 3802.00 3715 3566 3509 3502
Current Account to GDP (% of GDP) -3.70 -4.5
Government Debt to GDP (% of GDP) 41.80 48
Government Budget (% of GDP) -2.10 -2.8

GDP Actual Q2/26 Q3/26 Q4/26 Q1/27
GDP Growth Rate (%) 0.80 -0.4 0.4 0.7 1.1
GDP Annual Growth Rate (%) 1.50 1.2 1.3 1.2 1.5
GDP Constant Prices (NZD Million) 73699.00 72770 73639 73839 74804
Gross National Product (NZD Million) 78486.00 77695 78358 78697 79663
Gross Fixed Capital Formation (NZD Million) 17539.00 17321 17661 17409 17802
GDP from Mining (NZD Million) 445.00 489 492 509 452
GDP from Services (NZD Million) 50058.00 49705 50119 50419 50809
GDP from Agriculture (NZD Million) 3668.00 3663 3640 3667 3723
GDP from Construction (NZD Million) 4285.00 4379 4395 4379 4349
GDP from Manufacturing (NZD Million) 5634.00 5460 5597 5597 5719
GDP from Transport (NZD Million) 2975.00 2940 2950 2980 3020
GDP from Public Administration (NZD Million) 3433.00 3422 3490 3499 3484
GDP from Utilities (NZD Million) 1815.00 1785 1833 1843 1842
GDP (USD Billion) 260.24 263
GDP per Capita (USD) 41416.28 41913
GDP per Capita PPP (USD) 48162.86 48741
Full Year GDP Growth (%) 0.20 1.2

Labour Actual Q2/26 Q3/26 Q4/26 Q1/27
Unemployment Rate (%) 5.30 5.4 5.5 5.6 5.5
Employed Persons (Thousand ) 2889.00 2884 2879 2871 2872
Employment Change (%) 0.20 -0.1 -0.3 -0.2 0
Labor Force Participation Rate (%) 70.40 70.3 70.2 70.3 70.4
Labour Costs (points) 1450.00 1454 1466 1476 1486
Wage Growth (%) 2.00 1.9 2.2 2.3 2.5
Minimum Wages (NZD/Hour) 23.95 23.95
Population (Million) 5.34 5.38

Prices Actual Q2/26 Q3/26 Q4/26 Q1/27
Inflation Rate (%) 3.10 4.5 4.6 4.4 4
Inflation Rate MoM (%) 0.90 1.9 1.2 0.4 0.5
Consumer Price Index CPI (points) 1339.00 1365 1380 1385 1393
Core Inflation Rate (%) 3.20 3.4 3.6 4 4.2
Core Consumer Prices (points) 1336.00 1348 1364 1378 1392
GDP Deflator (points) 1563.00 1602 1610 1624 1626
Producer Prices Change (%) 2.20 3.6 4.1 3.7 3
Export Prices MoM (%) -2.70 1 1.1 0.7 0.4
Import Prices MoM (%) -0.70 1.1 1.5 0.7 0.6
Commodity Prices YoY (%) 1.30 4.5 5.2 3.9 3.7
Inflation Expectations (%) 2.53 2.5 3 3.2 2.9
Food Inflation (%) 3.20 3 4.7 4.4 3.7
CPI Transportation (points) 1306.00 1331 1347 1352 1359
CPI Housing Utilities (points) 1463.00 1491 1514 1518 1522

Money Actual Q2/26 Q3/26 Q4/26 Q1/27
Interest Rate (%) 2.25 2.25 2.5 3 3.5
Deposit Interest Rate (%) 4.67 4.67 4.92 5.42 5.92
Loans to Private Sector (NZD Million) 142612.00 138424 141433 144380 144800

Trade Actual Q2/26 Q3/26 Q4/26 Q1/27
Balance of Trade (NZD Million) 800.00 200 -1170 30 190
Current Account (NZD Million) -1008.00 -7500 -11000 -6000 -4500
Imports (NZD Million) 8077.00 6950 7620 7890 7910
Exports (NZD Million) 8877.00 7150 6450 7920 8100
Terms of Trade (points) 1561.00 1592 1585 1585 1582
Tourist Arrivals 288546.00 232000 271000 545000 389000
Tourism Revenues (NZD Million) 7035.00 4020 3750 4990 6190
Current Account to GDP (% of GDP) -3.70 -4.5

Business Actual Q2/26 Q3/26 Q4/26 Q1/27
Manufacturing PMI (points) 49.90 49 48.9 50.1 50.9
Business Confidence (points) 10.00 11 -12 -6 -8
Capacity Utilization (%) 91.20 90.9 89.9 90.1 90.8
Car Registrations (Units) 3500.00 3980 4010 3120 5480
Manufacturing Sales (%) 2.80 -1 -1.3 -2 -1.4
Services PMI (points) 47.50 48.3 49.5 50.2 51
Composite PMI (points) 48.40 48.9 49.6 50.3 50.7

Consumer Actual Q2/26 Q3/26 Q4/26 Q1/27
Consumer Confidence (points) 80.40 92.9 89 85 86
Retail Sales MoM (%) 0.90 0.4 0.1 0.4 0.3
Retail Sales YoY (%) 4.50 3.2 1.6 0.8 1.5
Consumer Spending (NZD Million) 45770.00 46161 46223 46111 46457
Bank Lending Rate (%) 9.77 9.77 10.02 10.52 11.02
ANZ Roy Morgan Consumer Confidence Index (points) 86.50 86 75 76 78
Gasoline Prices (USD/Liter) 1.90 2.11 1.81 1.51 1.51
Credit Card Spending (NZD Million) 7113.00 6900 6890 6780 6700

Housing Actual Q2/26 Q3/26 Q4/26 Q1/27
Building Permits (Units) 3802.00 3715 3566 3509 3502
Housing Index (Points) 2316.00 2305 2271 2288 2292
Building Permits MoM (%) 10.90 -2.3 -4 -1.6 -0.2
House Price Index YoY (%) -0.20 -0.3 -0.7 -1 -0.8
Average House Prices (NZD) 912190.00 907748 894217 901017 902295

Government Actual Q2/26 Q3/26 Q4/26 Q1/27
Government Debt to GDP (% of GDP) 41.80 48
Government Budget (% of GDP) -2.10 -2.8