Markets Actual Q3/26 Q4/26 Q1/27 Q2/27
Stock Market (points) 13694.68 13555 13277 13030 12789
Currency 0.58 0.58 0.58 0.59 0.59
Government Bond 10Y (%) 4.67 4.54 4.48 4.42 4.36

Overview Actual Q3/26 Q4/26 Q1/27 Q2/27
GDP Growth Rate (%) 0.80 0.6 0.7 1.1 0.5
GDP Annual Growth Rate (%) 1.50 1.8 1.9 2 2.1
Unemployment Rate (%) 5.30 5.4 5.3 5.2 5.1
Inflation Rate (%) 3.10 3.7 3.5 3.1 1.9
Inflation Rate MoM (%) 0.90 0.7 0.4 0.5 0.2
Interest Rate (%) 2.50 2.75 3 3.5 3.75
Balance of Trade (NZD Million) 800.00 -1170 30 190 100
Current Account (NZD Million) -1008.00 -11000 -6000 -4500 -6900
Business Confidence (points) 36.60 40 20 25 30
Manufacturing PMI (points) 59.70 48.9 50.1 50.1 52
Consumer Confidence (points) 80.40 85.9 87 86 89
Retail Sales MoM (%) 0.90 0.1 0.4 0.3 0.2
Building Permits (Units) 3661.00 3515 3458 3451 3469
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 Q3/26 Q4/26 Q1/27 Q2/27
GDP Growth Rate (%) 0.80 0.6 0.7 1.1 0.5
GDP Annual Growth Rate (%) 1.50 1.8 1.9 2 2.1
GDP Constant Prices (NZD Million) 73699.00 74002 74349 75173 75247
Gross National Product (NZD Million) 78486.00 78744 79242 80056 80134
Gross Fixed Capital Formation (NZD Million) 17539.00 17748 17530 17890 17907
GDP from Utilities (NZD Million) 1815.00 1842 1856 1851 1853
GDP from Mining (NZD Million) 445.00 495 513 454 454
GDP from Services (NZD Million) 50058.00 50367 50768 51059 51109
GDP from Agriculture (NZD Million) 3668.00 3658 3693 3741 3745
GDP from Transport (NZD Million) 2975.00 2964 3001 3035 3037
GDP from Public Administration (NZD Million) 3433.00 3507 3524 3502 3505
GDP from Construction (NZD Million) 4285.00 4417 4409 4371 4375
GDP from Manufacturing (NZD Million) 5634.00 5624 5636 5747 5752
GDP (USD Billion) 264.06 269
GDP per Capita (USD) 41336.02 42121
GDP per Capita PPP (USD) 49316.40 50253
Full Year GDP Growth (%) 0.20 1.9

Labour Actual Q3/26 Q4/26 Q1/27 Q2/27
Unemployment Rate (%) 5.30 5.4 5.3 5.2 5.1
Employed Persons (Thousand ) 2889.00 2879 2871 2872 2876
Employment Change (%) 0.20 -0.3 -0.2 0 0.1
Labor Force Participation Rate (%) 70.40 70.2 70.3 70.4 70.5
Labour Costs (points) 1450.00 1466 1476 1486 1489
Wage Growth (%) 2.00 2.2 2.3 2.5 2.7
Minimum Wages (NZD/Hour) 23.95 23.95
Population (Million) 5.34 5.38

Prices Actual Q3/26 Q4/26 Q1/27 Q2/27
Inflation Rate (%) 3.10 3.7 3.5 3.1 1.9
Inflation Rate MoM (%) 0.90 0.7 0.4 0.5 0.2
Consumer Price Index CPI (points) 1339.00 1368 1373 1381 1364
Core Inflation Rate (%) 3.20 3.6 4 4.2 3.9
Core Consumer Prices (points) 1336.00 1364 1378 1392 1388
GDP Deflator (points) 1563.00 1596 1610 1611 1593
Commodity Prices YoY (%) 2.70 5.2 3.9 3.7 3.4
Import Prices MoM (%) -0.70 1.5 0.7 0.6 0.2
Producer Prices Change (%) 2.20 4.1 3.7 3 2.8
Export Prices MoM (%) -2.70 1.1 0.7 0.4 0.3
Food Inflation (%) 2.50 4.7 4.4 3.7 4
Inflation Expectations (%) 2.53 3 3.2 2.9 2.5
CPI Transportation (points) 1306.00 1315 1320 1327 1330
CPI Housing Utilities (points) 1463.00 1501 1505 1508 1491

Money Actual Q3/26 Q4/26 Q1/27 Q2/27
Interest Rate (%) 2.50 2.75 3 3.5 3.75
Deposit Interest Rate (%) 4.63 4.88 5.13 5.63 5.88
Loans to Private Sector (NZD Million) 143128.00 142131 145379 145513 146134

Trade Actual Q3/26 Q4/26 Q1/27 Q2/27
Balance of Trade (NZD Million) 800.00 -1170 30 190 100
Current Account (NZD Million) -1008.00 -11000 -6000 -4500 -6900
Imports (NZD Million) 8077.00 7620 7890 7910 7450
Exports (NZD Million) 8877.00 6450 7920 8100 7550
Terms of Trade (points) 1561.00 1585 1585 1582 1584
Tourist Arrivals 203308.00 271000 545000 389000 258000
Tourism Revenues (NZD Million) 7035.00 3750 4990 6190 4380
Current Account to GDP (% of GDP) -3.70 -4.5

Business Actual Q3/26 Q4/26 Q1/27 Q2/27
Business Confidence (points) 36.60 40 20 25 30
Manufacturing PMI (points) 59.70 48.9 50.1 50.1 52
Capacity Utilization (%) 90.80 89.9 90.1 90.8 91.1
Car Registrations (Units) 3500.00 4010 3120 5480 4020
Services PMI (points) 50.60 49.5 50.2 50.2 51.5
Composite PMI (points) 53.60 49.6 50.3 50.3 51.1
Manufacturing Sales (%) 2.80 -1.3 -2 -1.4 -0.2

Consumer Actual Q3/26 Q4/26 Q1/27 Q2/27
Consumer Confidence (points) 80.40 85.9 87 86 89
Retail Sales MoM (%) 0.90 0.1 0.4 0.3 0.2
Retail Sales YoY (%) 4.50 1.6 0.8 1.5 2
Consumer Spending (NZD Million) 45770.00 46451 46430 46685 46731
Bank Lending Rate (%) 9.73 9.98 10.23 10.73 10.98
ANZ Roy Morgan Consumer Confidence Index (points) 91.30 75 76 78 81
Gasoline Prices (USD/Liter) 1.78 1.81 1.51 1.51 1.51
Credit Card Spending (NZD Million) 6996.00 6890 6780 6700 6710

Housing Actual Q3/26 Q4/26 Q1/27 Q2/27
Building Permits (Units) 3661.00 3515 3458 3451 3469
Housing Index (Points) 2302.00 2271 2288 2292 2288
Building Permits MoM (%) -4.00 -4 -1.6 -0.2 0.5
House Price Index YoY (%) -0.40 -0.7 -1 -0.8 -0.6
Average House Prices (NZD) 906443.00 894217 901017 902295 901004

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