Markets Actual Q2/26 Q3/26 Q4/26 Q1/27
Stock Market (points) 13064.23 13158 12747 12504 12266
Currency 0.59 0.6 0.61 0.61 0.62
Government Bond 10Y (%) 4.56 4.51 4.42 4.36 4.31

Overview Actual Q2/26 Q3/26 Q4/26 Q1/27
GDP Growth Rate (%) 0.20 -0.4 0.4 0.7 1.1
GDP Annual Growth Rate (%) 1.30 1.2 1.3 1.2 1.5
Unemployment Rate (%) 5.30 5.4 5.5 5.6 5.5
Inflation Rate (%) 3.10 4.5 4.6 4.4 4
Inflation Rate MoM (%) 0.90 1.9 1.2 0.4 0.5
Interest Rate (%) 2.25 2.25 2.5 3 3.5
Balance of Trade (NZD Million) 1920.32 200 -1170 30 190
Current Account (NZD Million) -5984.00 -7500 -11000 -6000 -4500
Manufacturing PMI (points) 50.50 49 48.9 50.1 50.9
Business Confidence (points) 10.00 5 -12 -6 -8
Consumer Confidence (points) 94.70 92.9 89 85 86
Retail Sales MoM (%) 0.90 0.4 0.1 0.4 0.3
Building Permits (Units) 3802.00 3715 3566 3509 3502
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 Q2/26 Q3/26 Q4/26 Q1/27
GDP Growth Rate (%) 0.20 -0.4 0.4 0.7 1.1
GDP Annual Growth Rate (%) 1.30 1.2 1.3 1.2 1.5
GDP Constant Prices (NZD Million) 72457.00 72629 73347 73326 73544
Gross National Product (NZD Million) 77518.00 77624 78165 78448 78681
Gross Fixed Capital Formation (NZD Million) 17049.00 17297 17656 17254 17305
GDP from Utilities (NZD Million) 1818.00 1780 1828 1840 1845
GDP from Mining (NZD Million) 504.00 489 492 510 512
GDP from Services (NZD Million) 49763.00 49635 50050 50360 50509
GDP from Manufacturing (NZD Million) 5510.00 5451 5581 5576 5593
GDP from Public Administration (NZD Million) 3461.00 3421 3489 3503 3513
GDP from Agriculture (NZD Million) 3641.00 3673 3671 3685 3696
GDP from Construction (NZD Million) 4274.00 4353 4391 4325 4338
GDP from Transport (NZD Million) 2934.00 2933 2940 2969 2978
GDP (USD Billion) 260.24 263
GDP per Capita (USD) 41416.28 41913
GDP per Capita PPP (USD) 48162.86 48741
Full Year GDP Growth (%) 0.20 1.2

Labour Actual Q2/26 Q3/26 Q4/26 Q1/27
Unemployment Rate (%) 5.30 5.4 5.5 5.6 5.5
Employed Persons (Thousand ) 2889.00 2884 2879 2871 2872
Employment Change (%) 0.20 -0.1 -0.3 -0.2 0
Labor Force Participation Rate (%) 70.40 70.3 70.2 70.3 70.4
Labour Costs (points) 1450.00 1454 1466 1476 1486
Wage Growth (%) 2.00 1.9 2.2 2.3 2.5
Minimum Wages (NZD/Hour) 23.95 23.95
Population (Million) 5.34 5.38

Prices Actual Q2/26 Q3/26 Q4/26 Q1/27
Inflation Rate (%) 3.10 4.5 4.6 4.4 4
Inflation Rate MoM (%) 0.90 1.9 1.2 0.4 0.5
Consumer Price Index CPI (points) 1339.00 1365 1380 1385 1393
Core Inflation Rate (%) 3.20 3.4 3.6 4 4.2
Core Consumer Prices (points) 1336.00 1348 1364 1378 1392
GDP Deflator (points) 1561.00 1604 1613 1630 1623
Commodity Prices YoY (%) 1.30 4.5 5.2 3.9 3.7
Producer Prices Change (%) 2.20 3.6 4.1 3.7 3
Import Prices MoM (%) -0.70 1.1 1.5 0.7 0.6
Export Prices MoM (%) -2.70 1 1.1 0.7 0.4
CPI Transportation (points) 1306.00 1331 1347 1352 1359
CPI Housing Utilities (points) 1463.00 1491 1514 1518 1522
Inflation Expectations (%) 2.53 2.5 3 3.2 2.9
Food Inflation (%) 2.60 3 4.7 4.4 3.7

Money Actual Q2/26 Q3/26 Q4/26 Q1/27
Interest Rate (%) 2.25 2.25 2.5 3 3.5
Deposit Interest Rate (%) 4.60 4.6 4.85 5.35 5.85
Loans to Private Sector (NZD Million) 142612.00 138424 141433 144380 144800

Trade Actual Q2/26 Q3/26 Q4/26 Q1/27
Balance of Trade (NZD Million) 1920.32 200 -1170 30 190
Current Account (NZD Million) -5984.00 -7500 -11000 -6000 -4500
Imports (NZD Million) 6699.79 6950 7620 7890 7910
Exports (NZD Million) 8620.11 7150 6450 7920 8100
Terms of Trade (points) 1561.00 1592 1585 1585 1582
Tourist Arrivals 358911.00 232000 271000 545000 389000
Tourism Revenues (NZD Million) 4613.00 4020 3750 4990 6190
Current Account to GDP (% of GDP) -3.70 -4.5

Business Actual Q2/26 Q3/26 Q4/26 Q1/27
Manufacturing PMI (points) 50.50 49 48.9 50.1 50.9
Business Confidence (points) 10.00 5 -12 -6 -8
Capacity Utilization (%) 91.20 90.9 89.9 90.1 90.8
Car Registrations (Units) 3096.00 3980 4010 3120 5480
Manufacturing Sales (%) -0.70 -1 -1.3 -2 -1.4
Services PMI (points) 48.90 48.3 49.5 50.2 51
Composite PMI (points) 49.40 48.9 49.6 50.3 50.7

Consumer Actual Q2/26 Q3/26 Q4/26 Q1/27
Consumer Confidence (points) 94.70 92.9 89 85 86
Retail Sales MoM (%) 0.90 0.4 0.1 0.4 0.3
Retail Sales YoY (%) 4.50 3.2 1.6 0.8 1.5
Consumer Spending (NZD Million) 45505.00 46081 46163 46051 46188
Bank Lending Rate (%) 9.77 9.77 10.02 10.52 11.02
ANZ Roy Morgan Consumer Confidence Index (points) 86.50 80 75 76 78
Credit Card Spending (NZD Million) 6979.00 6900 6890 6780 6700
Gasoline Prices (USD/Liter) 1.90 2.11 1.81 1.51 1.51

Housing Actual Q2/26 Q3/26 Q4/26 Q1/27
Building Permits (Units) 3802.00 3715 3566 3509 3502
Housing Index (Points) 2317.00 2305 2271 2288 2292
Building Permits MoM (%) 10.90 -2.3 -4 -1.6 -0.2
House Price Index YoY (%) -0.20 -0.3 -0.7 -1 -0.8
Average House Prices (NZD) 912406.00 907748 894217 901017 902295

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