Stats NZ released their latest subnational population estimates, providing us with an annual glimpse into how New Zealand’s population is growing around the country. In this article, we highlight the overall trends of the 2024 estimates and pull out interesting results from specific cities or districts.
The 2023 Infometrics Creativity Index confirms many of the trends and outcomes of previous years, but with some subtle differences below the surface. The overall importance of the arts and creative sector to the New Zealand economy was unchanged in 2023 from a year ago, with 4.27% of the workforce employed in the sector.
We are introducing a new indicator for first home buyer activity – First Home Loans. This article explores first home buyer activity in the housing market from a few different angles and introduces our new measure.
In our October 2024 Chart of the Month, we explore the role of peer to peer (P2P) accommodation around the country, finding that P2P makes up more than a third of guest nights in some areas, and not in the tourism hotspots that you might expect.
Chief Executive and Principal Economist Brad Olsen and Chief Forecaster Gareth Kiernan discuss: 17 October 2024: Inflation is back near target, at 2.2%pa
14 October 2024: RBNZ accelerates the pace, cutting 50bp in October 2024
03 October 2024: More confidence, less pricing pressure, so is it time for 50bp cuts
Infometrics latest Building forecasts, Regional construction Outlook (RCO) and Transport forecasts have been released.
The New Zealand economy’s recovery from the stagnation of the last two years will remain patchy until mid-2025, according to Infometrics’ latest forecasts. Although the Reserve Bank’s interest rate cuts since August have finally provided some light at the end of the tunnel for Kiwis, continued increases in the unemployment rate will mean households remain cautious in their spending decisions over the next nine months. The high proportion of mortgage lending on fixed rates also means that the easing in monetary conditions will not have an immediate effect on household budgets.
