Tag: economy
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New Zealand Home Consents Rise Annually and Monthly
New home consents in Aotearoa New Zealand increased by 1.3 percent in the year ending August 2025, with a total of 34,078 new homes approved, according to Stats NZ. The figures indicate a recovery, though numbers remain lower than the…
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Media Monitor: RNZ Reports on Digital Driver's Licenses, Gas Exploration
RNZ is reporting that digital driver licences are set to roll out soon as part of the government's sweeping plans for digital transformation and an all-government app. It said the government "remains on track to deliver the first version by…
Science & TechnologyPolitics and GovernmentBusinessEntertainmentHealthWorldSportAustralasiaDigital and Print PublishingFilm and TVEconomyMedical ScienceArtificial IntelligenceGeneral PoliticsNational PartyEmployment and LaborFinancial Markets
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New Zealand's International Investments Concentrated in Key Nations
New Zealand's balance of payments records the value of the country's transactions with the rest of the world, reflecting changes in financial claims and liabilities. The international investment position provides a snapshot of the country's financial assets and liabilities. As…
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Household Net Worth Increases, Wealth Distribution Unchanged
Stats NZ reported an increase in household net worth, while the distribution of wealth remained unchanged. Corrections have been made to net worth median percentage increases for quintiles 5, 4, and 3 between June 2021 and June 2024. The changes…
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Media Monitor: RNZ Reports on Tattoo Discrimination, Earthquake Laws, and More
RNZ is reporting that a Māori man was allegedly discriminated against at a Gold Coast venue for having a traditional tattoo. Caleb Pokai, 24, said security guards at The Tropic restaurant would not let him in because of the tā…
WorldPolitics and GovernmentBusinessHealthEntertainmentSportAustralasiaGeneral PoliticsEconomyMedical ScienceFilm and TVEmployment and Labor
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New Zealand's Filled Jobs Rise Slightly in August 2025
Figures released on September 29, 2025, show a slight increase in seasonally adjusted filled jobs across New Zealand. According to the August 2025 employment indicators, total filled jobs rose by 0.2 percent (4,814 jobs), reaching 2.35 million. Primary industries saw…
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Media Monitor: RNZ Reports on Palestinian Reaction, Māori Leader's Death
Radio New Zealand is reporting that a Palestinian man is expressing anger over New Zealand's decision not to recognize Palestine as a state. RNZ also reports on the death of Sir Tumu Te Heuheu, the paramount chief of Ngāti Tūwharetoa,…
Politics and GovernmentSportSocial IssuesLegalWorldWeatherNational PartyAsiaAustralasiaLaw EnforcementTradeEconomyGeneral Weather
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Media Monitor: Consumer NZ on Money Transfers, Hidden Fees
Consumer NZ is reporting on the most cost-effective methods for sending money to other countries. It said its research involved assessing the expenses of transferring NZD $10,000 to five different nations. Consumer NZ also warns about common reasons for travel…
BusinessScience & TechnologyEconomyFinancial MarketsComputers and Internet
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Wellington City Council Faces Privacy Breach and Credit Rating Review
Wellington City Council is addressing a privacy breach involving the unauthorized release of confidential historical documents. Simultaneously, Standard & Poor’s has reaffirmed the council’s AA-/A-1+ long-term credit rating, but maintains a negative outlook. Looking ahead, the council is preparing for…
Politics and GovernmentBusinessEntertainmentAustralasiaState GovernmentsEconomyFinancial MarketsMusicFilm and TV
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Trade Depot Recalls Midea Air Fryer Adaptors Due to Non-Compliance
Trade Depot has issued a recall for adaptors supplied with Midea Air Fryers sold between 13 December 2024 and 5 September 2025. The product code is 350117. While the air fryer itself is compliant and safe for normal use, some…
BusinessScience & TechnologyAustralasiaEconomyTradeLegalProduct Safety
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New Zealand Household Net Worth Increases by 33%
Stats NZ reported today that the median household net worth in New Zealand increased over the three-year period ending June 2024. While wealth increased, the distribution of wealth across New Zealand households remained stable. In the year ending June 2024,…
BusinessPolitics and GovernmentEconomyReal EstateTradeFinancial MarketsState Governments
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Media Monitor: RNZ Reports on Leave Rule Overhaul, Business Leader Survey
RNZ is reporting that leave rules are set for an overhaul, with changes impacting both sick leave and annual leave entitlements. It said a survey of senior business leaders ranked Prime Minister Christopher Luxon 15th within his Cabinet. The outlet…
BusinessPolitics and GovernmentHealthWorldSportEconomyFederal GovernmentMedical ScienceClimate ChangeEuropeAustralasiaFinancial Markets
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New Board Members Appointed to Civil Aviation Authority
Associate Minister of Transport James Meager has announced the appointment of three new board members to the Civil Aviation Authority (CAA). The new appointees are Mike Schubert, Peter O’Regan, and Mel Templeton. CAA Board Chair Mark Darrow said the appointments…
Politics and GovernmentBusinessScience & TechnologyTransportationAustralasiaFederal GovernmentEconomyBankingFinancial MarketsDigital and Print Publishing
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Stats NZ Advances Monthly Consumers Price Index
Stats NZ has updated its website with information on the development of the monthly Consumers Price Index (CPI). The page, titled ‘Monthly consumers price index – updates on progress’, summarises the approach and updates to the development of the monthly…
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Media Monitor: Consumer NZ Calls for Energy Market Reform
Consumer NZ is reporting that one in five New Zealand households struggled to pay their power bill in the past year, even before recent winter price hikes. It said some power companies are making large profits while consumers face rising…
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Toyota Refreshes Corolla Cross for 2025 with New Features and GR Sport Model
Toyota New Zealand has announced the refreshed 2025 Corolla Cross, building on the legacy of the Corolla with added features and a new GR Sport model. The updated Corolla Cross aims to blend practicality, durability, and spaciousness in a compact…
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Media Monitor: Consumer NZ Highlights Microwave Ovens, Power Bills, and Washing Machines
Consumer NZ is reporting on several consumer-related topics, including affordable microwave ovens under $300. It says it has identified several models, including its highest scorer. Consumer NZ also highlights a story about how some of its readers have achieved cheaper…
BusinessScience & TechnologySocial IssuesAustralasiaEconomyFinancial MarketsComputers and Internet
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Media Monitor: RNZ Reports Train Passengers Stranded, US Tourists Masquerading as Canadians
Radio New Zealand is reporting that passengers were stranded on a train in Wellington for over three hours Friday morning after an overhead electric cable came down. RNZ said the cable failure caused major disruption on the Kāpiti Line. KiwiRail…
Politics and GovernmentBusinessSportWorldEconomyFinancial MarketsTradeAustralasia
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High Court Ruling Clarifies Wholesale Investor Rules
The Financial Markets Authority (FMA) has welcomed a High Court ruling providing clarity on the rules for classifying "eligible investors" as wholesale investors. The FMA sought clarification on the interpretation of the eligible investor exclusion under the Financial Markets Conduct…
BusinessPolitics and GovernmentLegalFinancial MarketsEconomyLaw Enforcement
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New Zealand's Goods Exports Surge in August 2025
New Zealand's overseas merchandise trade statistics for August 2025 reveal a significant increase in goods exports compared to August 2024. Goods exports rose by $1.1 billion (23 percent), reaching $5.9 billion. Conversely, goods imports saw a slight decrease of $30…
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Media Monitor: Former Finance Minister Calls for Willis' Resignation
RNZ is reporting that former Finance Minister Roger Douglas is calling for the resignation of current Finance Minister Nicola Willis. He and University of Auckland macroeconomics chair Robert MacCulloch said the contraction in GDP, as revealed by Stats NZ, is…
Politics and GovernmentBusinessSportWorldEconomyFinancial MarketsPolitical PartiesTradeLaw EnforcementLegalAustralasia
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Stats NZ Faces Technical Issues Delaying Trade Data
Stats NZ is experiencing technical issues that are preventing some data from Overseas Merchandise Trade: August 2025 from publishing. Most data will be available at 10:45 am tomorrow, 19 September 2025, on Export Direct and via Overseas merchandise trade datasets.…
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New Zealand's GDP Declines 0.9% in June 2025 Quarter
New Zealand’s gross domestic product (GDP) fell 0.9 percent in the June 2025 quarter, following a 0.9 percent increase in the March 2025 quarter, according to figures released by Stats NZ today. Activity decreased in the June 2025 quarter across…
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Stats NZ Addresses Data Access Issues for June 2025 Quarter GDP
Stats NZ has announced ongoing technical issues with Infoshare that may impact data accessibility for the Gross Domestic Product: June 2025 quarter. To ensure access, all data will be available at 10:45 a.m. tomorrow (18 September 2025) via Infoshare Export…
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New Zealand's Current Account Deficit Narrows to $3.4 Billion
New Zealand’s seasonally adjusted current account deficit has narrowed by $702 million, reaching $3.4 billion in the June 2025 quarter. Stats NZ reported this is the smallest deficit recorded since the June 2021 quarter, which saw a $3.1 billion deficit.…
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Stats NZ: Technical Issues Delay Ratios Table Update
Wellington, 17 September 2025 – Stats NZ reports technical issues with Infoshare that may prevent the ratios table from updating with June 2025 quarter data. However, all data is accessible via the CSV file under Download data on Balance of…
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Stats NZ: Food Price Index Data Delay
Stats NZ announced on September 16, 2025, a delay in updating three Food Price Index tables in Infoshare with data for August 2025. The affected tables include the Food Price Index for New Zealand (monthly), Food Price Index Level 2…
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New Zealand Food Prices Remain High, Up 5.0 Percent Annually
Food prices in New Zealand have increased by 5.0 percent in the 12 months to August 2025, matching the increase recorded in the 12 months to July 2025. Stats NZ reported that the grocery food group was the largest contributor…
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GDP Revised for June 2025 Quarter Due to Expenditure Correction
Wellington, 15 September 2025 – Stats NZ has announced revisions to the Gross Domestic Product (GDP) for the June 2025 quarter, following a correction to central government expenditure. The adjustment involves the ‘social assistance benefits in kind’ component of central…
BusinessPolitics and GovernmentEconomyFederal GovernmentTradeState Governments
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Stats NZ Announces 2025 Balance of Payments and National Accounts Revisions
Stats NZ announced revisions to data sources and methods for the 2025 balance of payments and national accounts. These annual updates, aligned with international best practice, ensure statistics accurately reflect global changes. Revisions include updates to international trade, tax returns,…
BusinessPolitics and GovernmentEconomyTradeFinancial MarketsGovernment