New Zealand Trade Surplus Widens in April
Published: 5/24/2012 3:25:32 PM
By: TradingEconomics.com, Statistics New Zealand
New Zealand trade balance for April 2012 was a surplus of $355 million (9.1 percent of exports). For the year ended April 2012, there was an annual trade deficit of $541 million (1.2 percent of exports).
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New Zealand Uneployment Up to 6.7 in Q1
Published: 5/3/2012 6:15:24 PM
By: TradingEconomics.com, Statistics New Zealand
The unemployment rate rose to 6.7 percent in the March 2012 quarter, Statistics New Zealand said on May 3rd. This is up from a revised figure of 6.4 percent last quarter. The labour force grew by 18,000, with 9,000 more people employed as well as 9,000 more people unemployed in the March 2012 quarter.
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New Zealand Reports Trade Surplus in February
Published: 3/28/2012 6:06:04 PM
By: TradingEconomics.com, Statistics New Zealand
In February 2012, there was a trade surplus of $161 million (4.5 percent of exports). This compares with an average surplus of 6.1 percent of exports over the previous five February months, although there was a deficit in February 2007.
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New Zealand Economy Grows 0.3% in Q4
Published: 3/22/2012 10:54:32 AM
By: TradingEconomics.com, Statistics New Zealand
The New Zealand economy grew by 0.3 percent in the December 2011 quarter, Statistics New Zealand said on March 22nd. This latest result follows economic growth of 0.7 percent in the September 2011 quarter.
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New Zealand Leaves Rate Unchanged
Published: 3/8/2012 12:26:44 PM
By: TradingEconomics.com, RBNZ
The Reserve Bank left on March 8th, the Official Cash Rate (OCR) unchanged at 2.5 percent.
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New Zealand Reports Trade Deficit in January
Published: 2/29/2012 1:16:56 PM
By: TradingEconomics.com, Statistics New Zealand
In January 2012, the value of exported goods rose $430 million (13 percent), to $3.7 billion. Imported goods rose $637 million (19 percent), to $3.9 billion.
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New Zealand Reports Trade Surplus in December
Published: 2/2/2012 2:29:02 PM
By: TradingEconomics.com, Statistics New Zealand
In December 2011, New Zealand reported a trade surplus equivalent to $338 million (7.8 percent of exports). This compares with an average deficit of 5.2 percent of exports over the previous five December months.
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New Zealand Inflation Down to 1.8% in Q4
Published: 1/19/2012 7:18:29 PM
By: TradingEconomics.com, Statistics New Zealand
In the year to the December 2011 quarter the CPI rose 1.8 percent. This compares with a 4.6 percent rise for the year to the September 2011 quarter. Unlike the previous four quarters, the latest annual increase does not include most of the effects of the GST increase that occurred in October 2010.
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New Zealand Exports Rises in November
Published: 1/9/2012 6:00:30 PM
By: TradingEconomics.com, Statistics New Zealand
In the November 2011 month compared with the November 2010 month, the value of exported goods increased $251 million (6.8 percent) to $3.9 billion. The trend for export values remains at record-high levels.
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New Zealand GDP Up 0.8% in Q3
Published: 12/22/2011 1:05:40 PM
By: TradingEconomics.com, Statistics New Zealand
New Zealand Gross domestic product was up 0.8 percent in the September 2011 quarter, following a 0.1 percent increase in the June 2011 quarter. The increase in the latest quarter is the fourth consecutive quarter of growth following a decline of 0.1 percent in the September 2010 quarter.
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New Zealand Keeps Rates Unchanged
Published: 12/8/2011 12:09:59 PM
By: TradingEconomics.com, RBNZ
The Reserve Bank today left the Official Cash Rate (OCR) unchanged at 2.5 percent.
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New Zealand Trade Deficit Narrows in October
Published: 11/25/2011 11:57:27 AM
By: TradingEconomics.com, Statistics New Zealand
In October of 2011, New Zealand recorded a trade deficit of $282 million (7.3 percent of exports). This compares with an average deficit of 23 percent of exports over the previous five October months.
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New Zealand Trade Deficit Widens in September
Published: 10/27/2011 11:35:10 AM
By: TradingEconomics.com, Statistics New Zealand
For the September 2011 month, export values increased $268 million (8.4 percent) compared with September 2010, while imports increased $564 million (16 percent). The trade balance for the September 2011 month was a deficit of $751 million (22 percent of exports). This compares with an average deficit of 23 percent of exports for the previous five September months.
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RBNZ Leaves Interest Rate Unchanged
Published: 10/27/2011 11:27:45 AM
By: TradingEconomics.com, RBNZ
The Reserve Bank left the Official Cash Rate (OCR) unchanged at 2.5 percent on October 27.
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New Zealand Aunnual Inflation Rate at 4.6% in Q3
Published: 10/25/2011 10:56:21 AM
By: TradingEconomics.com, Statistics New Zealand
In the year to the September 2011 quarter, the CPI rose 4.6 percent, including a 2.3 percent increase in the December 2010 quarter when GST rose from 12.5 to 15 percent. Key contributions to the rise came from transport (up 8.8 percent), food (up 6.2 percent), housing and household utilities (up 3.7 percent), and alcoholic beverages and tobacco (up 5.6 percent).
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New Zealand Reports Trade Deficit in August
Published: 9/28/2011 12:17:04 PM
By: TradingEconomics.com, Statistics New Zealand
The values of imported and exported goods were both higher in August 2011 than in August 2010, Statistics New Zealand said on September 28.
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New Zealand GDP Up 0.1% in Q2
Published: 9/22/2011 10:06:44 AM
By: TradingEconomics.com, Statistics New Zealand
New Zealands economic activity was up 0.1 percent in the June 2011 quarter, Statistics New Zealand said on September 22. This follows a revised increase of 0.9 percent in the March 2011 quarter. Economic activity for the year ended June 2011 was 1.5 percent higher than for the June 2010 year.
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The Reserve Bank of New Zealand Holds Rate at 2.5%
Published: 9/15/2011 11:36:55 AM
By: TradingEconomics.com, RBNZ
The New Zealand economy has performed relatively well while headline inflation has increased somewhat since the June Statement. At the same time, however, global economic and financial risks have increased.
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New Zealand Trade Surplus Shrinks in July
Published: 8/24/2011 1:33:31 PM
By: TradingEconomics.com, Statistics New Zealand
New Zealand trade balance for the July 2011 was a surplus of $129 million, down from $197 million in June of 2011.
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New Zealand Unemployment Rate at 6.5% in Q2
Published: 8/5/2011 3:40:49 PM
By: TradingEconomics.com, Statistics New Zealand
The New Zealand labour market remained relatively steady in the June 2011 quarter. The seasonally adjusted unemployment rate stayed flat at 6.5 percent in the June 2011 quarter, while the number of people employed rose slightly.
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New Zealand's Trade Surplus Narrows in June
Published: 7/28/2011 11:30:29 AM
By: TradingEconomics.com, Statistics New Zealand
New Zealand's trade surplus narrowed in June as an historically high New Zealand dollar and a pull back in commodity prices weighed on exports. The trade surplus totaled NZ$230 million, down from a surplus of NZ$551 million in May.
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New Zealand Leaves Interest Rate Unchanged
Published: 7/28/2011 11:11:01 AM
By: TradingEconomics.com, Statistics New Zealand
The Reserve Bank of New Zealand left on July 28, the Official Cash Rate (OCR) unchanged at 2.5 percent.
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New Zealand Inflation Rate Rises 5.3% in June 2011 Quarter
Published: 7/18/2011 3:39:29 PM
By: TradingEconomics.com, Statistics New Zealand
In the year to the June 2011 quarter, New Zealand CPI increased 5.3 percent, including a 2.3 percent increase in the December 2010 quarter when GST (Goods and services tax) rose from 12.5 to 15 percent.
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New Zealand GDP Up 0.8% in Q1
Published: 7/14/2011 11:14:24 AM
By: TradingEconomics.com, Statistics New Zealand
New Zealand gross domestic product, rose 0.8 percent in the March 2011 quarter, Statistics New Zealand said on July 14. This follows a 0.5 percent increase in economic activity in the December 2010 quarter.
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New Zealand Exports Rise in May
Published: 6/29/2011 1:35:37 PM
By: TradingEconomics.com, Statistics New Zealand
The values of export and import goods both increased in May 2011 compared with May 2010.
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New Zealand Trade Surplus Widens in April
Published: 5/30/2011 1:36:31 PM
By: TradingEconomics.com, Statistics New Zealand
In April 2011, there was a trade surplus of $1.1 billion or 24 percent of the value of exports, Statistics New Zealand said on May 30.
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New Zealand Unemployment Rate Falls to 6.6%
Published: 5/25/2011 1:33:31 PM
By: TradingEconomics.com, Statistics New Zealand
During the March 2011 quarter, the unemployment rate fell to 6.6 percent. This fall was the result of employment rising (by 30,000 people) and unemployment falling (by 2,000 people).
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New Zealand Inflation Raises in March 2011 Quarter
Published: 4/20/2011 10:51:47 AM
By: TradingEconomics.com, Statistics New Zealand
In the year to the March 2011 quarter, New Zealand CPI increased 4.5 percent, reflecting higher prices for petrol, cigarettes, tobacco, and food.
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New Zealand Economy Grows 0.2% in Q4
Published: 3/24/2011 11:27:39 AM
By: TradingEconomics.com, Statistics New Zealand
New Zealand gross domestic product (GDP) was up 0.2 percent in the December 2010 quarter, Statistics New Zealand said on March 24. This increase in economic activity follows a fall of 0.2 percent in the September 2010 quarter.
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New Zealand Cuts Interest Rate to 2.5%
Published: 3/9/2011 8:05:22 PM
By: TradingEconomics.com, RBNZ
The Reserve Bank of New Zealand reduced the Official Cash Rate (OCR) by 50 basis points to 2.5 percent on March 10.
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New Zealand Trade Deficit Widens in December
Published: 2/2/2011 7:09:45 PM
By: TradingEconomics.com, Statistics New Zealand
New Zealand trade deficit widened in December to $250 million as imports growth outpaced exports.
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New Zealand Leaves Rates Unchanged
Published: 1/26/2011 8:07:14 PM
By: TradingEconomics.com, RBNZ
The Reserve Bank of New Zealand left the Official Cash Rate (OCR) unchanged at 3.0 percent on January 26.
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New Zealand Inflation Rises in Q4
Published: 1/20/2011 10:31:05 AM
By: TradingEconomics.com, Statistics New Zealand
New Zealand's CPI increased 4.0 percent in the year to the December 2010 quarter, following increases of 1.5 percent and 1.7 percent in the years to the September and June 2010 quarters, respectively.
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New Zealand Exports Rise in November
Published: 1/12/2011 3:23:50 PM
By: TradingEconomics.com, Statistics New Zealand
The value of November 2010 export goods was $589 million (19 percent) higher than November 2009, Statistics New Zealand said. The total value of goods exported in November 2010 was $3.7 billion.
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New Zealand's Economy Shrinks in Q3
Published: 12/23/2010 1:07:05 PM
By: TradingEconomics.com, Statistics New Zealand
New Zealand's GDP declined 0.2 percent in the September 2010 quarter, Statistics New Zealand said on December 23.
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Reserve Bank of New Zealand Leaves Rates Unchanged
Published: 12/10/2010 10:50:18 AM
By: TradingEconomics.com, RBNZ
The Reserve Bank of New Zealand left on December 9 the Official Cash Rate (OCR) unchanged at 3.0 percent.
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New Zealand Exports Rises in October
Published: 12/6/2010 10:54:51 AM
By: TradingEconomics.com, Statistics New Zealand
In October 2010 export goods values were $723 million (24 percent) higher than October 2009, Statistics New Zealand said on November 29. The total value of goods exported in October 2010 was $3.7 billion.
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New Zealand Unemployment Rate Falls to 6.4%
Published: 11/4/2010 12:20:51 PM
By: TradingEconomics.com
New Zealand's unemployment rate fell half a percentage point to 6.4 percent in the September quarter, official data showed Thursday.
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New Zealand GDP Rises 0.2%
Published: 9/25/2010 10:41:13 PM
By: TradingEconomics.com
Statistics New Zealand figures published on September 23 showed the GDP rose 0.2% in the three months to June, following a 0.5% rise in the March quarter.
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New Zealand Keeps Interest Rate at 3%
Published: 9/16/2010 6:33:05 PM
By: TradingEconomics.com, RBNZ
New Zealand's central bank kept the benchmark interest rate at 3% in August, saying that while the global and domestic economies were recovering, the outlook had weakened over recent months.
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New Zealand's Trade Balance Swung to Deficit in July
Published: 9/1/2010 10:49:41 AM
By: TradingEconomics.com, Bloomberg
New Zealand reported a trade deficit for the first time in seven months in July as increased imports of vehicles and petroleum products offset gains in exports of milk powder, butter and cheese.
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New Zealand's Unemployment Rate Rises to 6.8%
Published: 8/5/2010 10:52:21 AM
By: TradingEconomics.com, Bloomberg
New Zealand’s unemployment rate climbed by more than economists forecast in the second quarter.
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New Zealand Raises Benchmark Rate
Published: 7/28/2010 6:34:14 PM
By: TradingEconomics.com, RBNZ
New Zealand’s central bank raised its benchmark interest rate for a second month to control inflation, and said the pace of future increases is likely to be slower than previously indicated.
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New Zealand Economy Expands 0.6%
Published: 6/23/2010 7:22:52 PM
By: TradingEconomics.com, Statistics New Zealand
New Zealand economy grew 0.6 percent in the March 2010 quarter, Statistics New Zealand said today. This latest increase follows growth of 0.9 percent in the December 2009 quarter
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New Zealand Rises Interest Rate to 2.75%
Published: 6/9/2010 5:32:11 PM
By: TradingEconomics.com, RBNZ
New Zealand’s central bank raised its benchmark interest rate for the first time in three years, signaling that faster inflation is a bigger threat to growth than further gains in the nation’s currency.
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New Zealand Trade Surplus Widens in April
Published: 5/26/2010 11:30:56 PM
By: TradingEconomics.com, Bloomberg
New Zealand’s trade surplus widened in April as imports of crude oil and machinery declined, while rising commodity prices and a seasonal increase in farm production kept exports near record levels.
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New Zealand Unemployment Rate Falls
Published: 5/8/2010 7:17:24 PM
By: TradingEconomics.com, AFP
New Zealand's unemployment rate posted a shock record fall to 6.0 percent in the March quarter as the country slowly recovers from a long recession.
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New Zealand May Start Raising Benchmark Interest Rate in June
Published: 4/28/2010 6:23:37 PM
By: TradingEconomics.com, RBNZ
New Zealand’s central bank said it could raise its benchmark interest rate from a record low as early as June as improving global demand buoys exports and underpins an economic recovery.
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New Zealand Inflation Rises Less Than Expected
Published: 4/20/2010 9:55:05 AM
By: TradingEconomics.com, Stuff.co.nz
New Zealand inflation accelerated less than expected in the first quarter, suggesting there's less need for Reserve Bank Governor Alan Bollard to rush to raise interest rates this year.
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New Zealand Economy Grows 0.8%, Fastest in Two Years
Published: 3/24/2010 8:45:11 PM
By: TradingEconomics.com, Bloomberg
New Zealand’s economy grew at the fastest pace in two years in the fourth quarter as consumer spending, manufacturing and house construction increased.
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New Zealand Keeps Rates Steady
Published: 3/10/2010 6:17:18 PM
By: TradingEconomics.com, RBNZ
New Zealand’s central bank left interest rate unchanged and said it will wait until the middle of the year before raising cost of borrowing as falling house prices and weak consumer spending are contributing to a slow economic recovery.
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New Zealand Jobless Rate Rises to 7.3%
Published: 2/3/2010 5:18:24 PM
By: TradingEconomics.com, Bloomberg
New Zealand’s unemployment rate soared to the highest level in more than 10 years in the fourth quarter as a slow recovery from recession made companies reluctant to hire extra workers.
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New Zealand Trade Deficit Narrows
Published: 1/28/2010 5:23:26 PM
By: TradingEconomics.com, Statistics New Zealand
New Zealand posted its smallest annual trade deficit in more than seven years in 2009 as imports fell for a ninth month in December, outpacing a decline in exports.
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New Zealand Keeps Interest Rate at Record Low
Published: 1/27/2010 5:24:48 PM
By: TradingEconomics.com, RBNZ
New Zealand’s central bank says it will keep its benchmark interest rate at 2.5% until the middle of this year because inflation is likely to remain within its target range until at least 2012.
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New Zealand Trade Deficit Narrows
Published: 1/6/2010 6:15:40 PM
By: TradingEconomics.com, Bloomberg
New Zealand posted its smallest annual trade deficit in more than seven years in November as imports fell to a six-month low, outpacing a decline in exports.
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New Zealand GDP Posts Minor Q3 Expansion?
Published: 12/22/2009 6:18:49 PM
By: TradingEconomics.com, RTT News
New Zealand's economy grew 0.2 percent in the third quarter of 2009, but by less than expected.
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New Zealand Leaves Rate at 2.5%
Published: 12/9/2009 4:38:34 PM
By: TradingEconomics.com, RBNZ
New Zealand’s central bank says it will raise the benchmark interest rate sooner than it previously indicated as a stronger housing market leads the economy out of recession.
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New Zealand Trade Deficit Narrows
Published: 11/27/2009 12:46:41 PM
By: TradingEconomics.com, Bloomberg
New Zealand posted its smallest annual trade deficit in almost seven years in October as imports slumped, outpacing a decline in exports.
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New Zealand's Unemployment Rate Rises
Published: 11/4/2009 7:06:09 PM
By: TradingEconomics.com, Statistics New Zealand
New Zealand's unemployment rate, which has been rising steadily for nearly two years, reached 6.5% in the September quarter.
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New Zealand Trade Deficit Narrows
Published: 10/29/2009 10:12:35 AM
By: TradingEconomics.com, Bloomberg
New Zealand posted its smallest annual trade deficit in more than six years in September as imports slumped for a sixth month.
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N.Z. Leaves Key Rate at 2.5%
Published: 10/28/2009 4:31:01 PM
By: TradingEconomics.com, Bloomberg, RBNZ
New Zealand’s central bank said it will wait until the second half next year before raising interest rates because the economy needs further stimulus as it recovers from a recession.
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New Zealand’s Inflation Rate Accelerates to 1.3%
Published: 10/15/2009 12:18:45 AM
By: TradingEconomics.com, Bloomberg
New Zealand inflation accelerated faster than economists forecast in the third quarter, adding to signs that central bank Governor Alan Bollard may have to raise interest rates earlier than he predicted last month.
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New Zealand Trade Deficit Narrows
Published: 9/25/2009 10:10:58 AM
By: TradingEconomics.com, Bloomberg
New Zealand posted its smallest annual trade deficit in more than six years in August as imports slumped for a fifth month. Exports fell the most in 23 years.
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New Zealand Emerges From Recession
Published: 9/23/2009 10:09:21 AM
By: TradingEconomics.com, Bloomberg
New Zealand emerged from its worst recession in three decades, unexpectedly expanding for the first time in six quarters on rising consumer spending and exports of logs and dairy products.
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New Zealand Keeps Interest Rate Unchanged
Published: 9/9/2009 5:07:21 PM
By: TradingEconomics.com, RBNZ
The Reserve Bank today left the Official Cash Rate (OCR) unchanged at 2.5 percent.
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New Zealand Trade Deficit Narrows
Published: 8/27/2009 9:14:32 AM
By: TradingEconomics.com, Bloomberg
New Zealand posted its smallest annual trade deficit in six years in July as the worst recession in three decades led to a slump in imports.
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New Zealand Jobless Rate Rises
Published: 8/5/2009 11:37:54 PM
By: TradingEconomics.com, Bloomberg
New Zealand’s unemployment rate rose to the highest in almost nine years in the second quarter as the worst recession in three decades prompted companies to cut production and jobs.
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New Zealand Leaves Rate Unchanged
Published: 7/29/2009 6:46:28 PM
By: TradingEconomics.com, Reserve Bank of New Zealand
New Zealand’s central bank kept its benchmark interest rate unchanged for a second month at 2.50 percent and said it may cut borrowing costs further as a rising currency threatens a recovery from the worst recession in three decades.
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N.Z. May Leave Key Rate Steady
Published: 7/29/2009 8:56:17 AM
By: TradingEconomics.com, Bloomberg
New Zealand central bank Governor Alan Bollard may keep the benchmark interest rate unchanged for a second month as a recovery in the housing market and business confidence signals an end to the recession.
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New Zealand Trade Deficit Widens
Published: 7/27/2009 7:30:09 PM
By: TradingEconomics.com, Bloomberg
New Zealand’s annual trade deficit unexpectedly widened in June as aircraft purchases bolstered imports to a six-month high. Exports declined.
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New Zealand Inflation Slows to 1.9%
Published: 7/15/2009 7:56:46 PM
By: TradingEconomics.com, Bloomberg
New Zealand’s inflation rate slowed to the lowest level in seven quarters as a recession curbed consumer demand, prompting companies to cut prices.
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New Zealand Economy May Take Time to Recover
Published: 7/9/2009 4:21:08 PM
By: Anna Fedec, contact@tradingeconomics.com
In the first quarter of 2009, New Zealand’s economy shrank by 2.7 percent from a year earlier, the most in more than 18 years. And although some indicators suggest that the worst is over, the country has yet to show evidence of sustainable growth.
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New Zealand Economy Shrinks 1%
Published: 6/25/2009 11:49:39 PM
By: TradingEconomics.com, Bloomberg
New Zealand’s economy shrank for a fifth straight quarter as consumers and businesses cut spending, extending the worst recession in more than three decades.
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New Zealand Keeps Rate Unchanged
Published: 6/10/2009 5:12:19 PM
By: TradingEconomics.com, RBNZ
New Zealand Reserve Bank Governor Alan Bollard has done as many were expecting this morning, leaving the official cash rate unchanged at 2.5 per cent.
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New Zealand Likely to Leave Key Rate Unchanged
Published: 6/9/2009 6:15:53 PM
By: Anna Fedec, contact@tradingeconomics.com
Encouraged by the signs of economic recovery, the Reserve Bank of New Zealand may keep its benchmark interest rate unchanged after bringing it to a record-low of 2.5 percent in April.
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New Zealand’s Trade Gap Narrows
Published: 5/26/2009 8:18:54 AM
By: TradingEconomics.com, Bloomberg
New Zealand’s annual trade deficit narrowed last month to the smallest since 2005 as the nation’s deepest recession in more than three decades led to a record drop in imports.
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N.Z. Jobless Rate Rises to 5%
Published: 5/6/2009 10:43:10 PM
By: TradingEconomics.com, Bloomberg
New Zealand’s jobless rate rose less than economists and the central bank expected in the first quarter, driving up the nation’s currency on signs the economy may be heading out of recession.
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New Zealand Cuts Key Interest Rate to Record-Low 2.5%
Published: 4/29/2009 2:36:32 PM
By: TradingEconomics.com, Reserve Bank of New Zealand
New Zealand’s central bank cut its benchmark interest rate by half a percentage point to a record 2.5 percent and said borrowing costs will stay low until late next year to help the economy recover from a recession.
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New Zealand Trade Gap Narrows
Published: 4/29/2009 7:07:07 AM
By: TradingEconomics.com, Bloomberg
New Zealand’s annual trade deficit narrowed in March as rising commodity prices and the sale of an aircraft bolstered exports to a record.
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New Zealand Inflation Rate Slows to 3%
Published: 4/19/2009 7:29:54 PM
By: TradingEconomics.com, Bloomberg
New Zealand inflation slowed in the year to March as the worst recession in more than three decades curbed consumer demand, adding to signs the central bank will cut interest rates again this month.
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New Zealand Economy Could be in the Brink of Depression
Published: 4/2/2009 6:02:25 PM
By: Anna Fedec, contact@tradingeconomics.com
In the last quarter of 2008, New Zealand’s economy shrank by 1.9 percent from a year earlier, the most in more than 16 years. What is behind this slump and what can be done to stop it?
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New Zealand Economy Shrinks 0.9%
Published: 3/26/2009 4:15:44 PM
By: TradingEconomics.com, Bloomberg
New Zealand’s economy shrank last quarter by the most in more than 16 years as home building tumbled, exports fell and businesses cut spending.
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New Zealands Cuts Rates to 3%
Published: 3/11/2009 1:16:03 PM
By: TradingEconomics.com, Reserve Bank of New Zealand
The Reserve Bank of New Zealand reduced the Official Cash Rate (OCR) by 50 basis points to 3 percent.
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New Zealand Annual Trade Gap Narrows
Published: 2/26/2009 5:46:14 AM
By: TradingEconomics.com, Bloomberg
New Zealand’s annual trade deficit unexpectedly narrowed in January as demand for imported passenger cars and machinery slowed amid a recession that entered its fifth quarter.
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New Zealand Jobless Rate Rises to 4.6%
Published: 2/4/2009 3:04:44 PM
By: TradingEconomics.com, Bloomberg
New Zealand’s jobless rate rose to a five-year high in the fourth quarter as a prolonged recession prompted companies to cut production and fire workers.
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Interest Rates Cuts May Not Help New Zealand
Published: 2/3/2009 4:12:20 PM
By: Anna Fedec, contact@tradingeconomics.com
Since July, the Reserve Bank of New Zealand has slashed interest rates by 475 basis points. However, in our opinion these rate cuts may not bring the expected relief.
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New Zealand’s Trade Deficit Widens
Published: 1/28/2009 6:12:56 PM
By: TradingEconomics.com, Bloomberg
New Zealand’s annual trade deficit widened more than economists forecast in December as a deepening global recession damped exports.
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NZ Cuts Interest Rate to Record-Low 3.5%
Published: 1/28/2009 5:41:53 PM
By: TradingEconomics.com, Bloomberg
New Zealand cut its interest rate by 1.5 percentage points to a record low and said there’s room for further reductions to steer the economy out of a deepening recession.
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New Zealand Inflation Falls in Q4
Published: 1/19/2009 3:47:53 PM
By: TradingEconomics.com, Bloomberg
New Zealand consumer prices fell in the fourth quarter as fuel prices slumped, adding to signs the central bank will cut the benchmark interest rate to a record low next week.
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N.Z. Annual Trade Deficit Narrows
Published: 1/6/2009 2:41:39 PM
By: TradingEconomics.com, Bloomberg
New Zealand’s annual trade deficit unexpectedly narrowed in November as a domestic recession curbed demand for imports.
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New Zealand Economy Shrinks 0.4%
Published: 12/23/2008 7:39:24 AM
By: TradingEconomics.com, Bloomberg.com
New Zealand’s economy contracted for the third straight quarter, extending the nation’s first recession in 10 years and adding to the prospect the central bank will cut interest rates to a record low next month.
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New Zealand Cuts Rate to 5%
Published: 12/3/2008 12:15:16 PM
By: TradingEconomics.com, Bloomberg
New Zealand’s central bank cut its benchmark interest rate by a record 1.5 percentage points to 5 percent to kick-start an economy facing its worst recession in 18 years.
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N.Z. Trade Deficit Widens
Published: 11/26/2008 3:19:59 PM
By: TradingEconomics.com, Bloomberg.com
New Zealand’s annual trade deficit widened in October as higher oil shipments pushed imports to a record, outpacing a gain in exports.
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NZ Unemployment Rises to Five-Year-High
Published: 11/5/2008 3:44:57 PM
By: TradingEconomics.com, Bloomberg.com
New Zealand's jobless rate rose to the highest in almost five years in the third quarter, adding to signs of a prolonged recession that is prompting companies to cut production and fire workers.
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N.Z. Trade Deficit Widens
Published: 10/29/2008 1:39:49 AM
By: TradingEconomics.com, Bloomberg.com
New Zealand's annual trade deficit unexpectedly widened for the first time in four months as plunging world commodity prices crimped demand for exports.
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Bollard Cuts New Zealand Benchmark Rate to 6.5%
Published: 10/22/2008 1:24:14 PM
By: TradingEconomics.com, Bloomberg.com
New Zealand's central bank cut its benchmark interest rate by a record 1 percentage point to 6.5 percent and foreshadowed further reductions to limit damage from the worldwide financial crisis and a slump in the global economy.
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N.Z. Inflation Rate Accelerates
Published: 10/21/2008 5:34:49 AM
By: TradingEconomics.com, Bloomberg.com
New Zealand's annual inflation rate accelerated to the fastest pace in more than 18 years in September, fanned by fuel and food costs that have hastened the nation's slide into a recession.
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N.Z. Annual Trade Deficit Narrows to NZ$4.28 Billion
Published: 9/29/2008 5:36:12 AM
By: TradingEconomics.com, Bloomberg.com
New Zealand's annual trade deficit narrowed for a third straight month in August as a falling currency and record oil shipments buoyed exports.
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New Zealand Economy Shrank 0.2%
Published: 9/25/2008 5:23:39 PM
By: TradingEconomics.com, Bloomberg.com
New Zealand's economy contracted last quarter, driving the nation into its first recession in 10 years and adding to the prospect the central bank will cut interest rates to a three-year low next month.
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New Zealand Dollar Rally After U.S. Rescue of AIG
Published: 9/17/2008 5:51:09 AM
By: TradingEconomics.com, Bloomberg.com
The New Zealand dollarr rallied against the U.S. and Japanese currencies after the U.S. government agreed to take over American International Group Inc. to save it from collapse.
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Bollard Cuts N.Z.'s Key Rate to 7.5%
Published: 9/11/2008 4:19:59 AM
By: TradingEconomics.com, Bloomberg
New Zealand's central bank cut its benchmark interest rate by a half point to 7.5 percent, more than forecast by most economists, saying the economy is in a recession and inflation will slow.
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New Zealand Dollar Advances
Published: 8/27/2008 7:43:32 PM
By: TradingEconomics.com, Bloomberg
The New Zealand dollar rose on optimism that the South Pacific economy is recovering from a first-half recession, prompting traders to pare bets on central bank interest-rate reductions.
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N.Z. Annual Trade Deficit Narrows to NZ$4.44 Billion
Published: 8/25/2008 4:22:11 PM
By: TradingEconomics.com, Bloomberg
New Zealand's annual trade deficit narrowed less than economists forecast in July as an increase in fuel shipments bolstered imports.
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N.Z. Dollar Weaken
Published: 8/25/2008 6:29:48 AM
By: TradingEconomics.com, Bloomberg
The New Zealand dollar weakened for a second day on speculation a decline in commodity prices will diminish the outlook for the economy.
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New Zealand Dollar Declines
Published: 8/15/2008 6:31:30 AM
By: TradingEconomics.com, Bloomberg
The New Zealand dollar dropped for a fifth week. It was traded near a 12-month low against the U.S. dollar and the weakest in almost two years versus the yen as concern that global economic growth will slow spurred investors to sell higher-yielding assets.
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New Zealand Dollar Trades Near 10-Month Low
Published: 8/6/2008 7:14:02 PM
By: TradingEconomics.com, Bloomberg
The New Zealand dollar traded near a 10-month low after a government report showed the jobless rate rose to the highest in more than two years, boosting prospects for further central bank interest-rate reductions.
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N.Z. Jobless Rate Rises to 3.9%
Published: 8/6/2008 7:11:35 PM
By: TradingEconomics.com, Bloomberg
New Zealand's jobless rate rose in the second quarter to the highest in more than two years as companies, facing increasing costs and slowing profits, were unable to find jobs for a surge in people seeking work.
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N.Z. Dollar Falls to 10-Month Low
Published: 7/29/2008 8:25:28 PM
By: TradingEconomics.com, Bloomberg
New Zealand's dollar fell to a 10- month low on concern U.S. subprime-mortgage losses will spread to the South Pacific nation, increasing the chance the central bank will cut interest rates further this year.
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New Zealand's Annual Trade Deficit Narrows
Published: 7/28/2008 6:54:23 AM
By: TradingEconomics.com, Bloomberg
New Zealand's annual trade deficit narrowed for the first time in four months in June as a contracting economy curbed demand imports, while exports rose more than forecast.
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New Zealand Cuts Key Rate
Published: 7/23/2008 3:28:50 PM
By: TradingEconomics.com, Bloomberg
New Zealand's central bank cut its benchmark interest rate by a quarter point to 8 percent, the first reduction in five years, saying slowing economic growth will curb inflation.
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N.Z. Dollar Falls to Seven-Year Low Against Aussie
Published: 7/22/2008 6:37:36 AM
By: TradingEconomics.com, Bloomberg
The New Zealand dollar declined to a seven-year low against the Australian dollar and dropped for a fifth day versus the U.S. currency on speculation the Reserve Bank of New Zealand will cut interest rates this week.
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New Zealand Inflation Accelerates to 18-Year-High
Published: 7/14/2008 8:30:05 PM
By: TradingEconomics.com, Bloomberg
New Zealand's consumer prices rose at the fastest pace in 18 years in the second quarter, fanned by fuel and food costs, adding to signs the economy is facing stagflation as it slips into recession.
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N.Z. Dollar Advance on U.S. Credit-Market Concerns
Published: 7/14/2008 7:59:03 PM
By: TradingEconomics.com, Bloomberg
The New Zealand dollar advanced to the most in five weeks on speculation the nations' assets will lure investors as losses at U.S. financial institutions deepen.
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Is New Zealand in Recession?
Published: 7/7/2008 5:30:41 PM
By: Anna Fedec, analyst@tradingeconomics.com
After a 10-year economic boom, New Zealand is about to become the world's first developed nation to fall into recession. Previously, one of the fastest growing economies in the world, New Zealanders face high consumer debt, falling property markets and rising inflation. Indeed, it is estimated that gross domestic product shrank by 0.3 per cent in the first quarter of 2008 and it is likely that the economy will slow further in the next three quarters of 2008.
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New Zealand Dollar Gains
Published: 6/30/2008 6:53:16 AM
By: TradingEconomics.com, Bloomberg
The New Zealand dollar gained on prospects the Federal Reserve isn't ready to start raising interest rates.
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N.Z. Dollar Posts Weekly Loss
Published: 6/27/2008 6:51:17 AM
By: TradingEconomics.com, Bloomberg
The New Zealand dollar headed for a weekly loss after a government report signaled the economy may enter a recession, adding to speculation the central bank will cut interest rates this year.
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New Zealand Annual Trade Deficit Widens
Published: 6/27/2008 6:48:36 AM
By: TradingEconomics.com, Bloomberg
New Zealand's annual trade deficit unexpectedly widened in May as rising oil prices and the purchase of an aircraft fanned imports.
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New Zealand's Economy Contracts 0.3%
Published: 6/27/2008 6:43:10 AM
By: TradingEconomics.com, Bloomberg
New Zealand's economy contracted in the first quarter, putting the nation on the brink of a recession as soaring credit costs damp domestic demand and a drought crimps exports.
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New Zealand Dollar Climbs
Published: 6/22/2008 7:56:15 PM
By: TradingEconomics.com, Bloomberg
The New Zealand dollar rose as the price of commodities that the nations export increased, supporting the outlook for the economy.
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N.Z. Dollars Gains for a Third Day
Published: 6/17/2008 8:01:35 PM
By: TradingEconomics.com, Bloomberg
The New Zealand dollar rose for a third day on speculation the U.S. Federal Reserve will delay increasing borrowing costs, making higher- yielding assets more attractive.
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N.Z. Dollar Declines to 20-Week Low
Published: 6/10/2008 7:25:07 PM
By: TradingEconomics.com, Bloomberg
New Zealand's dollar fell to a 20- week low against the U.S. currency amid expectations local interest rates will decline and other central banks may raise borrowing costs.
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New Zealand Dollar Slide on Intervention Comments
Published: 6/10/2008 7:30:14 AM
By: TradingEconomics.com, Bloomberg
The New Zealand dollar slid to near a four-month low after U.S. Treasury Secretary Henry Paulson said he would ``never'' rule out currency intervention.
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New Zealand Economy Grows at Fastest Pace in 3 Years
Published: 6/9/2008 11:58:06 AM
By: TradingEconomics.com, Bloomberg
New Zealand's economic growth accelerated in the fourth quarter, reaching the fastest annual pace in three years as it exported more butter, cheese and crude oil.
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New Zealand Dollar Falls as Bollard Says Rate Cuts `Likely'
Published: 6/4/2008 7:41:50 PM
By: TradingEconomics.com, Bloomberg
The New Zealand dollar fell the most in two months after the nation's central bank Governor Alan Bollard said he was ``likely'' to cut interest rates this year.
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Bollard Says N.Z. May Cut Key Interest Rate This Year
Published: 6/4/2008 7:39:26 PM
By: TradingEconomics.com, Bloomberg
New Zealand's central bank Governor Alan Bollard said he may cut the benchmark interest rate from a record 8.25 percent this year, triggering the biggest slump in the currency in more than two months.
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New Zealand, Facing a Recession?
Published: 6/3/2008 7:43:19 PM
By: TradingEconomics.com, Bloomberg
New Zealand central bank Governor Alan Bollard may be pushing the conomy into a recession by keeping interest rates at a record to fight inflation, ignoring factory closures and slumping consumer spending.
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New Zealand Dollar Falls
Published: 6/3/2008 7:37:55 PM
By: TradingEconomics.com, Bloomberg
The New Zealand dollar fell the most in almost a month on speculation demand for higher-yielding assets will wane after Federal Reserve Chairman Ben S. Bernanke signaled he's done cutting interest rates.
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Yuan Gains for Second Day
Published: 5/29/2008 7:42:18 AM
By: TradingEconomics.com, Bloomberg
The yuan gained for a second day after the government's top planning agency said China will maintain a ``tight'' monetary policy to combat inflation.
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New Zealand Annual Trade Deficit Widens
Published: 5/26/2008 8:05:57 AM
By: TradingEconomics.com, Bloomberg
New Zealand's annual trade deficit unexpectedly widened in April as imports were buoyed by the purchase of an oil platform and production vessel, outpacing an increase in exports.
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New Zealand Dollar Rises for Fifth Day
Published: 5/22/2008 6:14:05 AM
By: TradingEconomics.com, Bloomberg
The New Zealand dollar rose after Finance Minister Michael Cullen cut taxes, easing pressure on the central bank to lower interest rates to support the economy.
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N.Z. Dollar Falls on Retail Sales
Published: 5/14/2008 7:56:28 PM
By: TradingEconomics.com, Bloomberg
The New Zealand dollar fell to the lowest in more than three months after a government report showed retail sales declined at three times the pace expected by economists.
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New Zealand Employment Falls
Published: 5/7/2008 4:10:10 PM
By: TradingEconomics.com, Bloomberg
New Zealand's jobless rate rose and employment fell buy the most in 19 years in the first quarter as plunging business confidence prompted companies to fire workers, adding to signs economic growth has stalled.
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NZ Dollar Fall as Economic Expansion May Slow
Published: 4/30/2008 7:08:47 AM
By: TradingEconomics.com, Bloomberg
The New Zealand and Australian dollars fell against the yen on concern a global economic slowdown will temper growth in the South-Pacific nations.
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New Zealand Trade Deficit Widened
Published: 4/29/2008 6:37:47 AM
By: TradingEconomics.com, Bloomberg
New Zealand's annual trade deficit unexpectedly widened in March as export growth was the weakest in eight months, adding to signs the economy may have stalled in the first quarter.
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N.Z. Leaves Rate at 8.25%
Published: 4/23/2008 7:07:42 PM
By: TRadingEconomics.com, Bloomberg
New Zealand's central bank Governor Alan Bollard left the benchmark interest rate at a record-high 8.25 percent and signaled that borrowing costs may fall this year as economic growth slows.
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N.Z. Dollar Falls
Published: 4/20/2008 5:53:07 PM
By: TradingEconomics.com, Bloomberg
The New Zealand dollar fell amid expectations that economic growth will slow this year, prompting the central bank to cut interest rates and damping investor demand for the nation's yields.
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New Zealand Inflation Accelerates
Published: 4/14/2008 6:08:42 PM
By: TradingEconomics.com, Bloomberg
New Zealand's annual inflation rate accelerated in the first quarter because of higher fuel and food prices, adding to signs central bank Governor Alan Bollard may delay an interest-rate cut until 2009.
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N.Z. Dollar Falls
Published: 4/13/2008 4:32:38 PM
By: TradingEconomics.com, Bloomberg
New Zealand's dollar fell after U.S. stocks declined and Group of Seven officials said they were concerned that exchange rate volatility will disrupt the global economy, prompting traders to shy away from higher yields.
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N.Z. Dollar Strengthen
Published: 4/8/2008 7:00:11 AM
By: TradingEconomics.com, Bloomberg
The New Zealand dollar rose as commodity prices advanced and as concern eased that credit-market losses will spread.
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N.Z. Dollar Falls on Business Survey
Published: 3/30/2008 6:18:14 PM
By: TradingEconomics.com, Bloomberg
The New Zealand dollar fell after a report showed business confidence dropped to a 17-year low in March.
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New Zealand's Economic Growth Accelerates to 1%
Published: 3/27/2008 3:20:12 PM
By: TradingEconomics.com, Bloomberg
New Zealand's economic growth accelerated in the fourth quarter, reaching the fastest annual pace in three years on increased exports of butter, cheese and crude oil.
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New Zealand's Trade Deficit Narrows
Published: 3/26/2008 4:10:14 PM
By: TradingEconomics.com, Bloomberg
New Zealand's annual trade deficit narrowed to the smallest in almost three years as soaring prices for dairy products buoyed export earnings.
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New Zealand Dollar Advance on Demand for Higher Yields
Published: 3/25/2008 6:51:43 AM
By: TradingEconomics.com, Bloomberg
The Australian and New Zealand dollars rose for a second day against the yen as gains in stocks prompted investors to buy higher-yielding assets funded by loans in Japan.
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N.Z. Dollars Rise
Published: 3/18/2008 7:19:17 AM
By: TradingEconomics.com, Bloomberg
The New Zealand dollars rose on speculation the Federal Reserve will lower its benchmark interest rate by 1 percentage point today, boosting the yield advantage on the nations' assets.
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New Zealand Dollar Rises
Published: 3/13/2008 9:10:16 PM
By: TradingEconomics.com, Bloomberg
The New Zealand and Australian dollars headed for the largest weekly advance since February as commodities rose and gains in U.S. and Asian stocks encouraged investors to resume purchases of higher-yielding assets.
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N.Z. Leaves Key Rate Unchanged
Published: 3/5/2008 3:36:12 PM
By: TradingEconomics.com, Bloomberg
New Zealand's central bank left the benchmark interest rate at a record-high 8.25 percent, saying slowing economic growth won't relieve pressure on inflation until next year.
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New Zealand's Annual Trade Deficit Narrows
Published: 2/28/2008 4:40:11 PM
By: TradingEconomics.com, Bloomberg
New Zealand's annual trade deficit narrowed to the smallest in almost three years as soaring prices for dairy products buoyed export earnings.
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N.Z. Dollar Rises to Record
Published: 2/25/2008 5:48:44 PM
By: TradingEconomics.com, Bloomberg
The New Zealand dollar rose to the strongest since being allowed to trade freely in 1985 as easing credit concerns prompted investors to buy higher-yielding assets.
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N.Z. Dollar Rises on Prospect Jobs Will Keep Rates at Record
Published: 2/7/2008 6:53:46 AM
By: TradingEconomics.com, Bloomberg
New Zealand's dollar gained after a report showed the South Pacific nation's jobless rate fell to a record low, boosting prospects the central bank will refrain from cutting interest rates anytime soon.
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New Zealand's Unemployment Rate Falls to Record Low
Published: 2/6/2008 4:07:59 PM
By: TradingEconomics.com, Bloomberg
New Zealand's jobless rate fell to a record low as companies hired more workers than forecast, reinforcing prospects the central bank won't cut interest rates.
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New Zealand Dollar May Fall
Published: 1/27/2008 3:53:41 PM
By: TradingEconomics.com, Bloomberg
The New Zealand dollar, little changed today, may fall as weaker U.S. stock markets prompt investors to avoid the risks posed by the carry trade.
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New Zealand Leaves Key Rate at 8.25%
Published: 1/23/2008 8:47:42 PM
By: TradingEconomics.com, Bloomberg
New Zealand's central bank left its benchmark interest rate at a record-high 8.25 percent to combat accelerating inflation, saying the prospects of slowing global growth haven't curbed the domestic economy.
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New Zealand Dollar Rises Most in Three Months
Published: 1/23/2008 8:52:31 AM
By: TradingEconomics.com, Bloomberg
New Zealand's dollar rose the most in three months against the U.S. currency after the Federal Reserve lowered its benchmark interest rate, increasing the appeal of the South-Pacific nation's fixed-income assets.
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New Zealand Dollar Fall on Global Growth Concerns
Published: 1/18/2008 7:47:40 AM
By: TradingEconomics.com, Bloomberg
The New Zealand dollars headed for a weekly loss as concern that global growth will slow prompted traders to reduce holdings of higher-yielding assets bought with money borrowed in Japan.
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New Zealand's Inflation Rises in Q4
Published: 1/16/2008 3:44:02 PM
By: TradingEconomics.com, Bloomberg
NZ inflation rate accelerated more than expected in Q4, breaching the top of the central bank's target band and adding to signs Governor Alan Bollard may delay an interest-rate cut.
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New Zealand Dollar Strengthens on Prospect of U.S. Rate Cut
Published: 1/14/2008 7:52:26 AM
By: TradingEconomics.com, Bloomberg
New Zealand's dollar rose to near the highest in a month as traders increased bets the Federal Reserve will cut its benchmark interest rate this month, adding to the allure of the South Pacific nation's bonds and bills.
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N.Z. Annual Trade Gap Shrinks
Published: 1/6/2008 5:35:52 PM
By: TradingEconomics.com, Bloomberg
New Zealand's annual trade deficit was the narrowest in more than two years in November as record prices for dairy products buoyed exports.
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N.Z. Dollar Falls Against Yen on U.S. Economic Concerns
Published: 1/2/2008 4:32:39 PM
By: TradingEconomics.com, Bloomberg
The New Zealand dollar fell to a four-week low against the yen on speculation the U.S. economy will fall into recession, slowing global growth and dimming the appeal of higher-yielding currencies.
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N.Z. Dollar Post Biggest Annual Gain in Four Years
Published: 12/31/2007 7:48:42 AM
By: TradingEconomics.com, Bloomberg
New Zealand dollar posted the biggest annual gain in four years as quickening inflation and economic expansion prompted The Reserve Bank of New Zealand to raise interest rates.
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N.Z. Dollar Gains on Prospect Yield Gap With U.S. Will Widen
Published: 12/27/2007 10:28:18 AM
By: Bloomberg
New Zealand's dollar rose to the highest in almost two weeks on speculation the ongoing housing slump will spur another U.S. interest-rate cut, boosting the appeal of the South Pacific nation's higher-yielding assets.
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New Zealand's Growth Slows to 0.5%
Published: 12/20/2007 4:49:31 PM
By: TradingEconomics.com, Bloomberg
New Zealand's economy grew at the slowest pace in a year in the third quarter as record-high interest rates curbed consumer spending and a rising currency crimped exports.
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New Zealand Leaves Key Rate Unchanged
Published: 12/5/2007 4:04:02 PM
By: Bloomberg
New Zealand's central bank expects to leave the benchmark interest rate at a record-high 8.25 percent for longer as increasing oil and food prices stoke inflation.
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New Zealand Trade Gap Shrinks in October
Published: 11/25/2007 2:51:03 PM
By: Bloomberg
New Zealand's annual trade deficit narrowed to a six-month low in October as rising prices for dairy products and a jump in oil output lifted exports to a record.
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New Zealand's Jobless Rate Falls to 3.5%
Published: 11/7/2007 3:51:14 PM
By: Bloomberg
New Zealand's jobless rate fell to a record in the third quarter as fewer people looked for work, increasing the prospects the central bank won't cut interest rates until at least July.
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New Zealand Dollar Advances on Prospect Interest Rates May Rise
Published: 10/29/2007 10:28:53 AM
By: Bloomberg
New Zealand's dollar gained to the highest in two weeks after a report showed imports rose last month, bolstering speculation the central bank will need to increase interest rates again.
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New Zealand Annual Trade Gap Unexpectedly Narrowed
Published: 10/28/2007 3:48:36 PM
By: Bloomberg
New Zealand's annual trade deficit unexpectedly narrowed in September as exports rose for the first time in five months buoyed by higher commodity prices and production from a new oil field.
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New Zealand Leaves Key Interest Rate at Record High
Published: 10/24/2007 2:02:40 PM
By: Bloomberg
New Zealand's central bank left its benchmark interest rate unchanged at 8.25 percent, saying record-high borrowing costs haven't yet stemmed inflation.
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N.Z. Inflation Slows in Q3
Published: 10/14/2007 7:20:21 PM
By: Bloomberg
New Zealand's inflation rate slowed more than the central bank predicted in the third quarter, adding to signs that Governor Alan Bollard can avoid raising interest rates for the fifth time this year.
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NZ GDP Increases 0.7 % in Q2
Published: 9/27/2007 4:26:30 PM
By: Statistics New Zealand
Economic activity increased 0.7 percent in the June 2007 quarter. In the year ended June 2007, the economy grew 2.2 percent.
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New Zealand exports fells by 2.7% in August
Published: 9/26/2007 7:56:08 AM
By: Statistics New Zealand
Total merchandise exports in August 2007 fell by 2.7 percent when compared with August 2006. Monthly trade balance in August 2007 was a deficit of $945 million.
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New Zealand interest rate remains unchanged at 8.25 percent
Published: 9/12/2007 2:15:37 PM
By: Reserve Bank of New Zealand
Reserve Bank Governor Alan Bollard said: "The outlook for economic activity and inflation has become more uncertain since we reviewed the OCR in July....
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New Zealand's Annual Trade Gap Wides in July
Published: 8/24/2007 7:12:21 AM
By: Statistics New Zealand
Imports and exports fell in July 2007 when compared with the previous year. In July 2006, imports and exports were at record highs for a July month; from those highs imports fell 7.6 percent while exports fell 12.6 percent.
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New Zealand's Jobless Rate Falls to Record-Low 3.6%
Published: 8/9/2007 5:39:15 AM
By: Bloomberg
New Zealand's jobless rate fell to an all-time low in the second quarter, adding to inflation pressure and increasing the prospect the central bank will keep interest rates at a record high until at least June next year.
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New Zealand June trade balance a deficit of $524 million
Published: 7/27/2007 5:28:11 AM
By: Statistics New Zealand
The monthly trade balance for June 2007 was a deficit of $524 million. This is the highest deficit for a June month and compares with an average trade balance deficit of $155 million for June months over the past decade.
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NZ Interest rate increases by 25 basis points to 8.25 %
Published: 7/25/2007 2:15:57 PM
By: Reserve Bank of New Zealand
Reserve Bank Governor Alan Bollard said: “The New Zealand economy is running strong. We are recording continued big increases in international commodity prices, especially dairy, reflecting solid world demand for our products".
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New Zealand CPI rises 1% in June quarter
Published: 7/17/2007 11:31:56 AM
By: Statistics New Zealand
The Consumers Price Index (CPI) rose 1.0 percent in the June 2007 quarter.
The CPI increased 2.0 percent from the June 2006 quarter to the June 2007 quarter.
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NZ Imports and Exports Down From Last May's High
Published: 6/26/2007 7:08:02 PM
By: Statistics New Zealand
Both imports and exports fell in May 2007 compared with May 2006. The main cause of the falls was a decrease in large and irregular items traded.
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New Zealand trade balance a deficit of $212 million in April
Published: 6/18/2007 5:21:49 PM
By: Statistics New Zealand
Monthly imports up 13.5 percent on April 2006, mainly due to oil-related products. Monthly exports up 5.2 percent on April 2006, mainly due to kiwifruit, pine logs, and milk powder, butter and cheese.
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New Zealand employment decreases 0.9% in March quarter
Published: 6/18/2007 9:33:49 AM
By: Statistics New Zealand, Reserve Bank of New Zealand
In the March 2007 quarter the number of FTEs decreased 0.9 percent from the previous quarter.This decrease was due to the seasonal influence of the education industry.
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NZ GDP growth picked up towards the end of 2006
Published: 6/18/2007 9:25:36 AM
By: Reserve Bank of New Zealand
GDP growth picked up towards the end of 2006 after having steadily slowed over the previous two years.
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New Zealand CPI fell to 2.5% in the March quarter
Published: 6/18/2007 9:22:46 AM
By: Reserve Bank of New Zealand
After reaching a peak of 4 percent in the June quarter of 2006, annual CPI inflation fell to 2.5 percent in the March quarter of 2007. Underlying the volatility in headline inflation, domestic inflation pressures have remained strong and widespread.
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Official Cash Rate increases by 25 basis points to 8.00 percent
Published: 6/18/2007 9:18:08 AM
By: Reserve Bank of New Zealand
After having increased the OCR by 225 basis points over 2004 and 2005, the Bank of New Zealand left the OCR unchanged at 7.25 percent through 2006.
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