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In service to society: New Zealand’s Revised Monetary Policy Framework and the Imperative for Institutional Change

By   /  March 29, 2019  /  24-7, 24/7 News, AM-NC, Economics, Economy, FifthEstate1, Finance, KB, MIL NZ OSI, New Zealand, New Zealand Government, New Zealand Government Business, Reserve Bank of New Zealand  /  Comments Off on In service to society: New Zealand’s Revised Monetary Policy Framework and the Imperative for Institutional Change

Release date: 29/03/2019 Speaker: Adrian Orr (Written with Reserve Bank of New Zealand Economic Adviser Omar Aziz) Introduction Tēna koutou katoa. Thank you for joining us today to discuss New Zealand’s new monetary policy framework. The recent amendment to the Reserve Bank’s legislation sets up a Monetary Policy Committee that is responsible for a new […]

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Recent migrants say they face bias, but feel safe – Stats NZ Media Release

By   /  January 21, 2019  /  24-7, 24/7 News, AM-NC, DJF, Economic Statistics, Economics, KB, MIL NZ OSI, MIL OSI, MIL-Submissions, New Zealand, Statistics  /  Comments Off on Recent migrants say they face bias, but feel safe – Stats NZ Media Release

Source: MIL-OSI Submissions Recent migrants say they face bias, but feel safe  – Media release 17 January 2019 Recent migrants to New Zealand are more likely to feel discriminated against than people born in New Zealand and long-term migrants who have been here for five or more years, Stats NZ said today. “Recent migrants, those […]

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Near-record imports in November despite fewer imported cars – Stats NZ Information Release: Overseas merchandise trade: November 2018

By   /  December 20, 2018  /  24-7, 24/7 News, AM-NC, DJF, Economic Statistics, Economics, Import Statistics, KB, MIL NZ OSI, MIL OSI, MIL-Submissions, New Zealand, Overseas Merchandise Trade, Statistics  /  Comments Off on Near-record imports in November despite fewer imported cars – Stats NZ Information Release: Overseas merchandise trade: November 2018

Source: MIL-OSI Submissions Near-record imports in November despite fewer imported cars – 20 December 2018 Monthly imports remain at high levels, despite lower imports of cars and aircraft in November 2018, Stats NZ said today. However, monthly goods imports values were little changed from the November month of the previous year, down $36 million (0.6 percent) […]

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GDP growth dampens in the September quarter – Stats NZ Information Release: Gross domestic product: September 2018 quarter

By   /  December 20, 2018  /  24-7, 24/7 News, AM-NC, DJF, Economic Statistics, Economics, GDP, Gross Domestic Product, KB, MIL NZ OSI, MIL OSI, MIL-Submissions, New Zealand, Statistics  /  Comments Off on GDP growth dampens in the September quarter – Stats NZ Information Release: Gross domestic product: September 2018 quarter

Source: MIL-OSI Submissions GDP growth dampens in the September quarter – 20 December 2018 Gross domestic product (GDP) rose 0.3 percent in the September 2018 quarter, down from 1.0 percent in the previous quarter, Stats NZ said today. The latest growth is the lowest quarterly growth rate since December 2013. Growth was mixed, with 11 of […]

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Provisional migration estimates by age-sex now available – Stats NZ

By   /  December 20, 2018  /  24-7, 24/7 News, AM-NC, DJF, Economic Statistics, Economics, KB, MIL NZ OSI, MIL OSI, MIL-Submissions, New Zealand, Statistics  /  Comments Off on Provisional migration estimates by age-sex now available – Stats NZ

Source: MIL-OSI Submissions Provisional migration estimates by age-sex now available – 19 December 2018 Provisional international migration estimates are now available by age group and sex, Stats NZ said today. “This is the first time our customers are able to see the new provisional migration estimates by key demographics such as age and sex,” population insights senior […]

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Working-class heroes: Understanding labour market data – Stats NZ Media Release

By   /  December 20, 2018  /  24-7, 24/7 News, AM-NC, DJF, Economic Statistics, Economics, KB, MIL NZ OSI, MIL OSI, MIL-Submissions, New Zealand, Statistics  /  Comments Off on Working-class heroes: Understanding labour market data – Stats NZ Media Release

Source: MIL-OSI Submissions Working-class heroes: Understanding labour market data – 19 December 2018 Recent strong labour market data has sparked questions, which we answer here, about how we define and measure employment, unemployment, and underutilisation Stats NZ said today. As first reported on 7  November 2018, unemployment is at a 10-year low of 3.9 percent, while […]

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October boost for accommodation – Stats NZ Media and Information Release: Accommodation survey: October 2018

By   /  December 18, 2018  /  24-7, 24/7 News, Accommodation, AM-NC, DJF, Economic Statistics, Economics, Hospitality Sector, Hotel Occupancy, Hotels, KB, MIL NZ OSI, MIL OSI, MIL-Submissions, New Zealand, Statistics, Tourism, Tourism Statistics  /  Comments Off on October boost for accommodation – Stats NZ Media and Information Release: Accommodation survey: October 2018

Source: MIL-OSI Submissions October boost for accommodation – 17 December 2018 Guests spent more nights in hotels, motels, and holiday parks in October, Stats NZ said today. Overall guest nights rose 3.9 percent in October 2018 compared with October 2017, helped by more nights spent in hotels, motels, and holiday parks. However, fewer nights were […]

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Property assets and debt drive changes in wealth – Stats NZ Media and Information Release: Household net worth statistics: Year ended June 2018

By   /  December 18, 2018  /  24-7, 24/7 News, AM-NC, Asset Returns, Assets, DJF, Dwelling and household estimates, Economic Statistics, Economics, Household Economic Survey, Household Income, Household Net Worth, Household Sector, Household Spending, Houses, Housing, Housing Sector, KB, MIL NZ OSI, MIL OSI, MIL-Submissions, New Zealand, Real Estate, Statistics  /  Comments Off on Property assets and debt drive changes in wealth – Stats NZ Media and Information Release: Household net worth statistics: Year ended June 2018

Source: MIL-OSI Submissions Property assets and debt drive changes in wealth – 14 December 2018 For typical households owning the home they live in, the value of their home rose almost $100,000 over the last three years, Stats NZ said today. Median property assets for people’s homes were up from $350,000 in the year ended June […]

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Wealth of top 20 percent rises by $394,000 – Stats NZ Information Release: Household net worth statistics: Year ended June 2018

By   /  December 14, 2018  /  24-7, 24/7 News, AM-NC, Assets, Demographics, DJF, Economic Statistics, Economics, Household Economic Survey, Household Income, Household Net Worth, Household Sector, Household Spending, Houses, Housing, Housing Sector, KB, MIL NZ OSI, MIL OSI, MIL-Submissions, New Zealand, Property Prices, Property Statistics, Property Values, Residential Building Activity  /  Comments Off on Wealth of top 20 percent rises by $394,000 – Stats NZ Information Release: Household net worth statistics: Year ended June 2018

Source: MIL-OSI Submissions Wealth of top 20 percent rises by $394,000 – 14 December 2018 The net worth of the richest 20 percent of New Zealand households has risen $394,000 since 2015, to reach a median of $1.75 million, Stats NZ said today. Over the same period, from the year ended June 2015 to the June […]

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Correction: Tomatoes and strawberries cheaper this November – Stats NZ Information Release: Food price index: November 2018

By   /  December 14, 2018  /  24-7, 24/7 News, AM-NC, Crops, DJF, Economic Statistics, Economics, Food Price Index, KB, MIL NZ OSI, MIL OSI, MIL-Submissions, New Zealand  /  Comments Off on Correction: Tomatoes and strawberries cheaper this November – Stats NZ Information Release: Food price index: November 2018

Source: MIL-OSI Submissions Correction: In the email we sent at 10:45am, the weighted average price graph for strawberries was incorrectly labelled as Price/500g($). We have corrected this to say Price/250g($). Tomatoes and strawberries cheaper this November – Media release 13 December 2018 Tomatoes and strawberries were 18 percent and 5 percent cheaper, respectively, in November […]

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Tomatoes and strawberries cheaper this November – Stats NZ Information Release: Food price index: November 2018

By   /  December 13, 2018  /  24-7, 24/7 News, AM-NC, Crops, DJF, Economic Statistics, Economics, Food Price Index, KB, MIL NZ OSI, MIL OSI, MIL-Submissions, New Zealand, Produce Statistics, Retail Spending, Sales Values, Statistics, Vegetables  /  Comments Off on Tomatoes and strawberries cheaper this November – Stats NZ Information Release: Food price index: November 2018

Source: MIL-OSI Submissions Tomatoes and strawberries cheaper this November – 13 December 2018 Tomatoes and strawberries were 18 percent and 5 percent cheaper, respectively, in November 2018 than they were a year ago, Stats NZ said today. Tomatoes cost an average of $3.56 a kilo in November 2018, compared with $4.32 a kilo in November 2017. […]

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Keith Rankin’s Chart for this Month: Crisis Postponed

By   /  December 10, 2018  /  24/7 News, AM-NC, Analysis-Reportage, DJF, Economic Intelligence, economic research, Economics, Economy, Editor's Picks, Evening Report, Global, Global Economy, KB, KB, Keith Rankin, Keith Rankin Chart Analysis, Lead, MIL NZ OSI, World Economic Outlook, World Economy  /  Comments Off on Keith Rankin’s Chart for this Month: Crisis Postponed

Chart for this Month: Crisis Postponed By Keith Rankin Another financial crisis coming? Graphic by Keith Rankin. There will almost certainly be another major financial crisis, just like there will be another big earthquake (or, as the Australians would instead say, another big bushfire). We can do much to improve our monitoring of systemic stresses, […]

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Home building in Auckland lifts construction activity – Stats NZ Information Release: Value of building work put in place: September 2018 quarter

By   /  December 5, 2018  /  24-7, 24/7 News, AM-NC, Building Consents, Construction Statistics, DJF, Economic Statistics, Economics, Household Sector, Houses, Housing, Housing Sector, KB, MIL NZ OSI, MIL OSI, MIL-Submissions, New Home Consents, New Zealand, Property Prices, Property Statistics, Property Values, Real Estate, Statistics  /  Comments Off on Home building in Auckland lifts construction activity – Stats NZ Information Release: Value of building work put in place: September 2018 quarter

Source: MIL-OSI Submissions Home building in Auckland lifts construction activity – 5 December 2018 Home building in Auckland drove an increase in the overall volume of building activity in New Zealand in the September 2018 quarter, Stats NZ said today. Nationally, the volume of building work increased a seasonally adjusted 0.7 percent from the June 2018 […]

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Two-way trade tops $160 billion for the first time – Stats NZ Information Release: Goods and services trade by country: Year ended September 2018

By   /  December 5, 2018  /  24-7, 24/7 News, AM-NC, China, China-New Zealand FTA, DJF, Economic Statistics, Economics, Export Statistics, exports, Free Trade Agreement, FTA, Import Statistics, Imports of Capital Goods, KB, MIL NZ OSI, MIL OSI, MIL-Submissions, New Zealand, Statistics, Terms of Trade, Trade, Trade Statistics, Trade Weighted Index, TWI, Two Way Trade, Wholesale Trade Statistics  /  Comments Off on Two-way trade tops $160 billion for the first time – Stats NZ Information Release: Goods and services trade by country: Year ended September 2018

Source: MIL-OSI Submissions Two-way trade tops $160 billion for the first time – 4 December 2018 Increased exports and imports helped push New Zealand’s two-way trade of goods and services to $160.7 billion for the year ended September 2018, up $16.7 billion from the year ended September 2017, Stats NZ said today. Two-way trade, which measures […]

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Auckland home consents hit 13,000 – Stats NZ Information Release: Building consents issued: October 2018

By   /  December 5, 2018  /  24-7, 24/7 News, Accommodation, AM-NC, Building Consents, DJF, Economic Statistics, Economics, Household Sector, Houses, Housing, Housing Sector, KB, MIL NZ OSI, MIL OSI, MIL-Submissions, New Home Consents, New Zealand, Property Prices, Property Statistics, Property Values, Real Estate, Statistics  /  Comments Off on Auckland home consents hit 13,000 – Stats NZ Information Release: Building consents issued: October 2018

Source: MIL-OSI Submissions Auckland home consents hit 13,000 – 30 November 2018 More than 13,000 new homes were consented in Auckland in a year for the first time since the 1970s, Stats NZ said today. A total of 13,078 new homes were consented in the region in the year ended October 2018 – up 25 percent […]

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Construction and accommodation cement employment growth – Stats NZ Media and NZ.Stat tables Release: Linked employer-employee data: March 2017 year

By   /  November 29, 2018  /  24-7, 24/7 News, AM-NC, Auckland City, Business, Construction Statistics, Data Analysis, DJF, Economic Statistics, Economics, Employment, Employment Statistics, Fulltime Work, Income, jobs, KB, Labour Force, Labour Market Statistics, MIL NZ OSI, MIL OSI, MIL-Submissions, New Zealand, Part-Time Work, Statistics, Under-Employment, Unemployment, Working Age Population  /  Comments Off on Construction and accommodation cement employment growth – Stats NZ Media and NZ.Stat tables Release: Linked employer-employee data: March 2017 year

Source: MIL-OSI Submissions Construction and accommodation cement employment growth – 28 November 2018 Construction in Auckland has led employment growth in the region, Stats NZ said today. Construction employed 8,000 more people in the year ended March 2017 than in the previous year. “New analysis from the annual release of linked employer-employee data (LEED), enhanced by self-employment […]

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Monthly goods imports from China rise a record $430 million – Stats NZ Information Release: Overseas merchandise trade: October 2018

By   /  November 27, 2018  /  24-7, 24/7 News, AM-NC, Asia Pacific, China, China-New Zealand FTA, Commodity Exports, Consumer Goods Statistics, Consumer News, Dairy Sector, DJF, Economic Statistics, Economics, Export Statistics, exports, farming, Forestry Sector, Free Trade Agreement, FTA, Horticulture Exports, Import Statistics, Imports of Capital Goods, Information and Communication Technology, Information Technology, Internet Technology, KB, Lamb Exports, Manufacturing Statistics, Meat and Dairy Statistics, MIL NZ OSI, MIL OSI, MIL-Submissions, New Zealand, Pacific,, Peoples Republic of China, Polynesia, Produce Statistics, Producer Output Prices, Retail Spending, Sales Values, Statistics, Technology Sector, Telecommunications, Trade, Trade Deficit, Trade Statistics, Two Way Trade, Vegetables, Wholesale Trade Statistics  /  Comments Off on Monthly goods imports from China rise a record $430 million – Stats NZ Information Release: Overseas merchandise trade: October 2018

Source: MIL-OSI Submissions Monthly goods imports from China rise a record $430 million – 27 November 2018 Goods imports from China were up $430 million, reaching $1.5 billion in October 2018, Stats NZ said today. This is the largest dollar value increase for monthly Chinese imports on record. China is New Zealand’s largest trading partner. It […]

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Monthly imports top $6 billion for first time – Stats NZ Information Release: Overseas merchandise trade: October 2018

By   /  November 27, 2018  /  24-7, 24/7 News, AM-NC, Asia Pacific, China, China-New Zealand FTA, Consumer News, Crude, Crude Oil Statistics, DJF, Economic Statistics, Economics, Free Trade Agreement, FTA, Import Statistics, Imports of Capital Goods, KB, MIL NZ OSI, MIL OSI, MIL-Submissions, New Zealand, Oil Prices, Pacific,, Peoples Republic of China, Petroleum, Polynesia, Statistics, Trade, Trade Statistics, Two Way Trade  /  Comments Off on Monthly imports top $6 billion for first time – Stats NZ Information Release: Overseas merchandise trade: October 2018

Source: MIL-OSI Submissions Monthly imports top $6 billion for first time – 27 November 2018 Monthly imports hit a record $6.2 billion in October 2018, Stats NZ said today. This is the first time imports have hit $6 billion. The previous high was in September 2018. “The value of goods imports has been at a generally […]

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