Economic updates

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834 economic updates found
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Gross domestic product

NZ economy picking up before fuel price spike

0.8% GDP in Mar 2026 qtr (sa)
2.5% Business investment from Dec 2025 qtr (sa)
0.5% Household spending from Dec 2025 qtr (sa)
Thu 18 Jun 2026
Gareth Kiernan
Quarterly
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Real estate statistics

House buyers dry up ahead of interest rate rises

13%pa House sales in May 2026
0.6%pa House prices from May 2025
Stock of homes for sale at an 11-year high
Mon 15 Jun 2026
Gareth Kiernan
Monthly
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Tourism data

Visitor arrivals up 8.0%pa, driven by China

2.3% Tourism arrivals In Apr 2026 from Mar 2026 (seasonally adjusted)
52%pa Chinese visitor arrivals in April 2026
Tourism arrivals at 94% of pre-pandemic levels in year to Apr 2026
Fri 12 Jun 2026
Nick Brunsdon
Monthly
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Building work put in place

Construction activity at a 10-year low

13% Non-residential activity in March 2026 from March 2025
3.9% Residential activity from March 2025
Total building activity at its lowest level (excl lockdowns) since 2015
Thu 4 Jun 2026
Gareth Kiernan
Quarterly
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Non-residential building consents

Non-res consents mostly softer in April

$655m Value of non-res consents in April 2026
15% Monthly consents from April 2025
Office and education consents at lowest monthly levels in 5-6 years
Wed 3 Jun 2026
Gareth Kiernan
Monthly
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Residential building consents

Residential consents jump up 11% in April

39,087 Annual consents over April 2026 year
11% April 2026 consents from March on a seas. adj. basis
19%pa Multi-unit consents over April 2026 year
Wed 3 Jun 2026
Nick Brunsdon
Monthly
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Employment indicators

Healthcare leads job growth

0.2% Filled jobs in April (sa)
0.5% Filled jobs from April 2025
5,527 Healthcare jobs over the year to April
Thu 28 May 2026
Rob Heyes
Monthly
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Economic and fiscal update

Budget 2026: Fiscal position set to improve

$3b Surplus a year earlier in 2030
$10.8b Higher revenue over 2026-30, relative to HYEFU
$100m pa Funding for councils to invest in infrastructure
Thu 28 May 2026
Brad Olsen
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Monetary policy review

Split decision keeps OCR at 2.25% for now

2.25% Official cash rate unchanged
Casting vote made by Governor with a 3-3 vote split among Committee members
RBNZ forecast OCR to reach 3% by end of 2026
Wed 27 May 2026
Gareth Kiernan
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Retail trade survey

Anxious consumers pull back on discretionary spending

1.0% Core retail sales volumes in the March 2026 quarter (seas. adj.)
8 of 13 core industries recorded quarterly rises (seas. adj.)
-4.8% Clothing, footwear in the March 2026 quarter (seas. adj.)
Fri 22 May 2026
Rob Heyes
Quarterly