Markets Actual Q2/26 Q3/26 Q4/26 Q1/27
Currency 0.57 0.57 0.58 0.58 0.59
Stock Market (points) 13069.66 12645 12376 12122 11871
Government Bond 10Y (%) 4.74 4.69 4.62 4.56 4.49

Overview Actual Q2/26 Q3/26 Q4/26 Q1/27
GDP Growth Rate (%) 0.20 0.5 0.8 0.9 1.1
GDP Annual Growth Rate (%) 1.30 1.5 2.3 2.5 2.9
Unemployment Rate (%) 5.40 5.2 5.1 4.9 4.7
Inflation Rate (%) 3.10 3.1 3.2 2.8 2.5
Inflation Rate MoM (%) 0.60 0.9 1 0.2 0.3
Interest Rate (%) 2.25 2.25 2.25 2.5 3
Balance of Trade (NZD Million) -257.00 0 -1150 -650 -650
Current Account (NZD Million) -5984.00 -7500 -11000 -6000 -2500
Business Confidence (points) 32.50 32 40 55 65
Manufacturing PMI (points) 55.00 51.3 52 50.9 50.9
Retail Sales MoM (%) 0.90 0.4 0.1 0.4 0.4
Consumer Confidence (points) 94.70 91 92 94 95
Building Permits (Units) 3412.00 3480 3532 3600 3668
Current Account to GDP (% of GDP) -3.70 -4.5
Government Debt to GDP (% of GDP) 45.20 48
Government Budget (% of GDP) -3.10 -0.5

GDP Actual Q2/26 Q3/26 Q4/26 Q1/27
GDP Growth Rate (%) 0.20 0.5 0.8 0.9 1.1
GDP Annual Growth Rate (%) 1.30 1.5 2.3 2.5 2.9
GDP Constant Prices (NZD Million) 72457.00 72845 74071 74268 74558
Gross National Product (NZD Million) 77518.00 77855 78937 79456 79766
Gross Fixed Capital Formation (NZD Million) 17049.00 17348 17830 17475 17543
GDP from Utilities (NZD Million) 1818.00 1785 1847 1863 1871
GDP from Mining (NZD Million) 504.00 490 497 517 519
GDP from Manufacturing (NZD Million) 5510.00 5467 5636 5648 5670
GDP from Transport (NZD Million) 2934.00 2941 2969 3007 3019
GDP from Construction (NZD Million) 4274.00 4366 4435 4381 4398
GDP from Public Administration (NZD Million) 3461.00 3431 3523 3548 3561
GDP from Agriculture (NZD Million) 3641.00 3683 3707 3732 3747
GDP from Services (NZD Million) 49763.00 49782 50544 51007 51206
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 (%) 0.20 2.5

Labour Actual Q2/26 Q3/26 Q4/26 Q1/27
Unemployment Rate (%) 5.40 5.2 5.1 4.9 4.7
Employed Persons (Thousand ) 2886.00 2880 2860 2880 2880
Employment Change (%) 0.50 0.2 0.3 0.3 0.3
Labor Force Participation Rate (%) 70.50 71 70.9 70.5 70.5
Labour Costs (points) 1434.00 1454 1463 1461 1461
Wage Growth (%) 2.00 1.9 2 1.9 1.9
Minimum Wages (NZD/Hour) 23.95 24
Population (Million) 5.34 5.51

Prices Actual Q2/26 Q3/26 Q4/26 Q1/27
Inflation Rate (%) 3.10 3.1 3.2 2.8 2.5
Inflation Rate MoM (%) 0.60 0.9 1 0.2 0.3
Consumer Price Index CPI (points) 1327.00 1346 1361 1364 1360
Core Consumer Prices (points) 1325.00 1338 1346 1352 1352
Core Inflation Rate (%) 3.20 2.6 2.2 2 2
GDP Deflator (points) 1561.00 1583 1591 1605 1600
Export Prices MoM (%) 5.30 0.5 1 0.3 0.4
Commodity Prices YoY (%) 3.40 5 4.8 3.9 3.9
Producer Prices Change (%) 3.50 2.3 2.1 1.7 1.7
Import Prices MoM (%) 1.50 0.4 1 0.2 0.2
Inflation Expectations (%) 2.37 1.7 1.8 1.7 1.7
Food Inflation (%) 4.50 5.1 4.7 4.4 3.7
CPI Housing Utilities (points) 1454.00 1471 1493 1495 1490
CPI Transportation (points) 1287.00 1299 1312 1314 1318

Money Actual Q2/26 Q3/26 Q4/26 Q1/27
Interest Rate (%) 2.25 2.25 2.25 2.5 3
Deposit Interest Rate (%) 4.25 4.25 4.25 4.5 5
Loans to Private Sector (NZD Million) 142758.00 138835 142829 146235 146898

Trade Actual Q2/26 Q3/26 Q4/26 Q1/27
Balance of Trade (NZD Million) -257.00 0 -1150 -650 -650
Current Account (NZD Million) -5984.00 -7500 -11000 -6000 -2500
Exports (NZD Million) 6630.00 7000 6000 6820 6820
Imports (NZD Million) 6890.00 7000 7150 7470 7470
Terms of Trade (points) 1593.00 1533 1532 1533 1533
Tourist Arrivals 385426.00 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
Business Confidence (points) 32.50 32 40 55 65
Manufacturing PMI (points) 55.00 51.3 52 50.9 50.9
Capacity Utilization (%) 89.80 91.9 92 92.9 92.9
Car Registrations (Units) 3328.00 3700 3700 3700 3700
Manufacturing Sales (%) -0.70 -1 1.3 1 1
Services PMI (points) 48.00 51 51 51 51
Composite PMI (points) 50.50 50.8 51 50.7 50.7

Consumer Actual Q2/26 Q3/26 Q4/26 Q1/27
Retail Sales MoM (%) 0.90 0.4 0.1 0.4 0.4
Consumer Confidence (points) 94.70 91 92 94 95
Retail Sales YoY (%) 4.40 1.5 1.6 2.9 3
Consumer Spending (NZD Million) 45505.00 46218 46619 46643 46825
Bank Lending Rate (%) 9.77 9.77 9.77 10.02 10.52
ANZ Roy Morgan Consumer Confidence Index (points) 91.30 104 107 104 105
Gasoline Prices (USD/Liter) 1.83 2.11 1.81 1.51 1.51
Credit Card Spending (NZD Million) 7019.00 6500 6500 7100 7100

Housing Actual Q2/26 Q3/26 Q4/26 Q1/27
Building Permits (Units) 3412.00 3480 3532 3600 3668
Housing Index (Points) 2309.00 2342 2314 2350 2348
Building Permits MoM (%) 2.70 2 1.5 1.9 1.9
House Price Index YoY (%) -0.40 1.3 1.2 1.7 1.7
Average House Prices (NZD) 909139.00 922315 911327 925590 924594

Government Actual Q2/26 Q3/26 Q4/26 Q1/27
Government Debt to GDP (% of GDP) 45.20 48
Government Budget (% of GDP) -3.10 -0.5