Markets Actual Q4/26 Q1/27 Q2/27 Q3/27
Currency 0.56 0.57 0.57 0.58 0.58
Stock Market (points) 13797.00 13618 13275 13022 12773
Government Bond 10Y (%) 4.82 4.78 4.69 4.63 4.57

Overview Actual Q4/26 Q1/27 Q2/27 Q3/27
GDP Growth Rate (%) 0.20 0.7 1.1 0.5 0.6
GDP Annual Growth Rate (%) 2.60 2.1 2.2 2.4 2.6
Unemployment Rate (%) 5.60 5.4 5.4 5.2 5.1
Inflation Rate (%) 3.70 3.7 3.2 2.1 2
Inflation Rate MoM (%) 0.70 0.6 0.4 0.4 0.6
Interest Rate (%) 2.75 3 3.5 3.75 4
Balance of Trade (NZD Million) -1970.96 30 190 100 -1010
Current Account (NZD Million) -1670.00 -6000 -4500 -6900 -9800
Business Confidence (points) 52.50 38 25 30 34
Manufacturing PMI (points) 56.50 52.5 51.9 52 52.6
Retail Sales MoM (%) -0.50 0.4 0.3 0.2 0.3
Consumer Confidence (points) 89.50 85.1 86 89 90
Building Permits (Units) 3525.00 3469 3462 3479 3535
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 Q4/26 Q1/27 Q2/27 Q3/27
GDP Growth Rate (%) 0.20 0.7 1.1 0.5 0.6
GDP Annual Growth Rate (%) 2.60 2.1 2.2 2.4 2.6
GDP Constant Prices (NZD Million) 74135.00 74633 75494 75914 76063
Gross National Product (NZD Million) 78235.00 79382 80366 80113 80269
Gross Fixed Capital Formation (NZD Million) 17933.00 17551 18059 18363 18399
GDP from Utilities (NZD Million) 1827.00 1856 1858 1871 1875
GDP from Mining (NZD Million) 443.00 512 455 454 455
GDP from Services (NZD Million) 50225.00 50900 51223 51430 51531
GDP from Agriculture (NZD Million) 3680.00 3723 3771 3768 3776
GDP from Transport (NZD Million) 2911.00 3007 3026 2981 2987
GDP from Public Administration (NZD Million) 3516.00 3535 3522 3600 3607
GDP from Manufacturing (NZD Million) 5672.00 5655 5771 5808 5819
GDP from Construction (NZD Million) 4466.00 4443 4445 4573 4582
GDP (USD Billion) 264.06 270
GDP per Capita (USD) 41336.02 42204
GDP per Capita PPP (USD) 48232.67 49246
Full Year GDP Growth (%) 0.20 2.1

Labour Actual Q4/26 Q1/27 Q2/27 Q3/27
Unemployment Rate (%) 5.60 5.4 5.4 5.2 5.1
Employed Persons (Thousand ) 2905.00 2895 2892 2886 2889
Employment Change (%) 0.50 0.2 0 0.1 0.2
Labor Force Participation Rate (%) 70.70 70.6 70.4 70.5 70.6
Labour Costs (points) 1458.00 1476 1486 1497 1499
Wage Growth (%) 2.10 2.3 2.5 2.7 2.8
Minimum Wages (NZD/Hour) 23.95 23.95
Population (Million) 5.34 5.38

Prices Actual Q4/26 Q1/27 Q2/27 Q3/27
Inflation Rate (%) 3.70 3.7 3.2 2.1 2
Inflation Rate MoM (%) 0.70 0.6 0.4 0.4 0.6
Consumer Price Index CPI (points) 1368.00 1376 1382 1388 1395
Core Consumer Prices (points) 1359.00 1377 1387 1396 1408
Core Inflation Rate (%) 3.20 3.9 3.8 3.7 3.6
GDP Deflator (points) 1562.00 1614 1610 1595 1593
Producer Prices Change (%) 3.20 3.7 3 2.8 2.5
Export Prices MoM (%) 3.50 0.7 0.4 0.3 0.4
Import Prices MoM (%) 13.80 0.7 0.6 0.2 0.5
Commodity Prices YoY (%) 1.05 3.9 3.7 3.4 3
Food Inflation (%) 2.40 3 3.4 3.2 3
Inflation Expectations (%) 2.34 2.4 2.4 2.3 2.2
CPI Transportation (points) 1386.00 1394 1400 1405 1414
CPI Housing Utilities (points) 1496.00 1508 1510 1510 1526

Money Actual Q4/26 Q1/27 Q2/27 Q3/27
Interest Rate (%) 2.75 3 3.5 3.75 4
Deposit Interest Rate (%) 4.79 5.04 5.54 5.79 6.04
Loans to Private Sector (NZD Million) 143781.00 142664 142799 143274 143513

Trade Actual Q4/26 Q1/27 Q2/27 Q3/27
Balance of Trade (NZD Million) -1970.96 30 190 100 -1010
Current Account (NZD Million) -1670.00 -6000 -4500 -6900 -9800
Exports (NZD Million) 6466.75 7920 8100 7550 6750
Imports (NZD Million) 8437.71 7890 7910 7450 7760
Terms of Trade (points) 1421.00 1415 1413 1413 1412
Tourist Arrivals 248714.00 545000 389000 258000 302000
Tourism Revenues (NZD Million) 3912.00 4990 6190 4380 4090
Current Account to GDP (% of GDP) -3.70 -4.5

Business Actual Q4/26 Q1/27 Q2/27 Q3/27
Business Confidence (points) 52.50 38 25 30 34
Manufacturing PMI (points) 56.50 52.5 51.9 52 52.6
Capacity Utilization (%) 91.00 90.1 90.8 91.1 91.2
Car Registrations (Units) 3904.00 3120 5480 4020 4250
Services PMI (points) 50.90 50.2 50.8 51.5 52
Composite PMI (points) 53.40 51.6 51.9 52 52.3
Manufacturing Sales (%) 6.40 -2 2.4 0.2 1.1

Consumer Actual Q4/26 Q1/27 Q2/27 Q3/27
Retail Sales MoM (%) -0.50 0.4 0.3 0.2 0.3
Consumer Confidence (points) 89.50 85.1 86 89 90
Retail Sales YoY (%) 3.30 0.8 1.5 2 2.5
Consumer Spending (NZD Million) 45912.00 46582 46904 47014 47106
Bank Lending Rate (%) 10.12 10.37 10.87 11.12 11.37
ANZ Roy Morgan Consumer Confidence Index (points) 96.20 95 97 99 100
Gasoline Prices (USD/Liter) 1.88 1.94 2.05 2.14 2.23
Credit Card Spending (NZD Million) 6976.00 6880 6800 6810 6850

Housing Actual Q4/26 Q1/27 Q2/27 Q3/27
Building Permits (Units) 3525.00 3469 3462 3479 3535
Housing Index (Points) 2267.00 2288 2292 2288 2272
Building Permits MoM (%) 5.60 -1.6 -0.2 0.5 1.6
House Price Index YoY (%) -0.90 -1 -0.8 -0.6 0.2
Average House Prices (NZD) 892580.00 901017 902295 901004 894365

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