Breaking News

New Zealand Gross Domestic Product (GDP) YoY

Latest Release

Sep 18, 2024

Actual

-0.5%

Forecast

-0.5%

0.5%

Total business activity comprises primary industries + goods producing industries + service industries. Includes unallocated taxes on production and imports, bank service charge and balancing items. Conceptually, both the production and expenditure-based GDP series are the same. However, as each series uses independent data and estimation techniques, some differences between the alternative measures arise. The expenditure-based series has historically shown more quarterly volatility and is more likely to be subject to timing and valuation problems. For these reasons, the production-based measure is the preferred measure for quarter-on-quarter and annual changes.

Importance:

Country:

Currency: NZD

Source: Statistics New Zealand

Release Date	Time	Actual	Forecast	Previous
Sep 18, 2024 (Q2)	17:45	-0.5%	-0.5%	0.5%
Jun 19, 2024 (Q1)	17:45	0.3%	0.2%	-0.2%
Mar 20, 2024 (Q4)	16:45	-0.3%	0.1%	-0.6%
Dec 13, 2023 (Q3)	16:45	-0.6%	0.5%	1.5%
Sep 20, 2023 (Q2)	17:45	1.8%	1.2%	2.2%
Jun 14, 2023 (Q1)	17:45	2.2%	2.6%	2.3%

News

New Zealand enters technical recession amid rate hikes, weather woes By Investing.com - Jun 14, 2023

Investing.com -- New Zealand’s economy contracted in the first quarter, entering a technical recession as an aggressive pace of interest rate hikes by the central bank and a slew of bad weather...

RBNZ hikes rates by surprise 50 bps, says inflation still too high By Investing.com - Apr 04, 2023

By Ambar Warrick Investing.com -- The Reserve Bank of New Zealand raised interest rates by more than expected on Wednesday, citing overheated inflation and employment as it continues to act in...

New Zealand economy shrinks in Q4 as rate hikes, high inflation weigh By Investing.com - Mar 15, 2023

By Ambar Warrick Investing.com -- New Zealand’s economic growth missed expectations in the fourth quarter, data showed on Thursday, with gross domestic product instead shrinking amid pressure...

Analysis

Week Ahead: As US Dollar Rebounds, Spotlight Falls on CPI Data By Trading Point - Oct 04, 2024

US CPI data to guide Fed rate cut bets and the dollar RBNZ expected to cut interest rates by 50bps Wounded pound awaits monthly GDP numbers Canada jobs data and BoC business survey are also on...

Asia Session: Markets Like Their Rate Hikes Rare By Jeffrey Halley - Jun 16, 2022 2

Unless you were living on Mars, and even there they probably heard the news, the FOMC hiked the Fed Funds rate by 0.75% overnight to a target range of 1/50%-1.75%, as anticipated by the market.The Fed...

U.S. Dollar Slides Despite Hawkish Fed, BoE Takes Central Bank Torch By JFD Team - Mar 17, 2022

Yesterday, the Fed hiked rates by 25bps, and signaled six more lift-offs until the end of this year. Though a much more hawkish stance than in December, the US dollar drifted lower, and equities...

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