Unemployment rose slightly in the June quarter, fuelling speculation the economy is slowing and may need more stimulation to get to full employment, Thomas Coughlan reports.
Unemployment ticked slightly up in the June 2018 quarter, ending five quarters of consecutive falls and defying market expectation. Thomas Coughlan reports.
The government's policy of making measures of national well-being as important as traditional economic growth indicators took another step forward with the launch of a formal consultation process by the national statistics agency, Statistics NZ, on the public views of how well-being is defined and should be measured. Thomas Coughlan reports.
New Zealand's annual net migration dropped in June as fewer foreigners arrived and more Kiwis left, but remains high.
Annual inflation continues to run low, suggesting there’s still some capacity in the economy that will help the Reserve Bank keep interest rates at record lows well into next year, writes Thomas Coughlan.
The effects of inflation have been much heavier in the last decade for poorer consumers than rich ones. That's because tax and policy moves have effectively been regressive, including increases in GST, fuel and cigarette taxes, along with falling prices for goods and services used more by richer consumers.
Māori households saw the highest inflation in the March quarter and price rises for cigarettes and tobacco had the largest impact on inflation for most household groups, Statistics New Zealand said.
The news that mattered this morning
New Zealand retail spending on electronic cards was lower than expected in April as consumers spent less on groceries, liquor and fuel in what Statistics New Zealand described as "unusual" figures.
In today's email we discussed the evolution of protein sources away from milk and meat, New Zealand's woeful productivity and the delay to replacing our maritime surveillance aircraft.