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 19, 2024 (Q2)	09:45	-0.5%	-0.5%	0.5%
Jun 20, 2024 (Q1)	09:45	0.3%	0.2%	-0.2%
Mar 21, 2024 (Q4)	08:45	-0.3%	0.1%	-0.6%
Dec 14, 2023 (Q3)	08:45	-0.6%	0.5%	1.5%
Sep 21, 2023 (Q2)	09:45	1.8%	1.2%	2.2%
Jun 15, 2023 (Q1)	09:45	2.2%	2.6%	2.3%

News

New Zealand enters technical recession amid rate hikes, weather woes By Investing.com - Jun 15, 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 05, 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 16, 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

USD/CAD Crashes On Strong Data By Kathy Lien - Dec 22, 2017

By Kathy Lien, Managing Director of FX Strategy for BK Asset Management.Thursday's best-performing currency was the Canadian dollar, which shot higher against all of the major currencies on the back...

AUD Crashes, EUR, GBP, CAD In Play By Kathy Lien - Sep 22, 2017

By Kathy Lien, Managing Director of FX Strategy for BK Asset Management.Consolidation was the theme of the day after Wednesday’s big moves in currencies. The only action was in the Australian...

3 Central-Bank Meetings, 3 Reasons To Worry By Kathy Lien - Jan 23, 2016

By Kathy Lien, Managing Director of FX Strategy for BK Asset Management.What a week it has been in the foreign-exchange market! The turnaround in oil, recovery in currencies and rebound in global...

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