Renters across New Zealand are feeling the squeeze as annual new rentals inflation reaches 5.1%pa. Excluding the mid-2022 peak, annual average rental inflation over the year to February 2024 is at its fastest rate since this series began in 2008. Read

This article explores recent patterns in domestic or internal migration between 2021 and 2022 using a new dataset from Stats NZ, exploring potential factors that shape the flow of Kiwis throughout the country. Read

Global diesel prices have surged significantly over the last few months. Driven largely by supply constraints, our Chart of the Month shows how this surge has led to a significant import cost premium over petrol. Elevated diesel prices will have ripple effects throughout both the global and local economies, and risk inflation remaining higher for longer. Read

A constrained global supply of diesel has led to a substantial increase in prices over the last few months, both for importers, and at the pump. Higher diesel costs threaten to intensify inflationary pressures, with geopolitical concerns adding further upside risk. In this article, we outline the issues facing the current diesel market, and the outlook over the remainder of 2023 and into 2024. Read

For almost forty years, Infometrics has provided predictions across a range of building indicators to both government and private business clients. With activity across the broader economy under pressure, and the construction industry at a turning point, the need for reliable estimates of both the duration and magnitude of the emerging downturn is especially critical. Read

New Zealand’s greenhouse gas reduction targets are a critical part of moving towards a more resilient and sustainable model of production. An important, and underdiscussed part of this conversation, is the notion of Read

Rapid jobs and population growth has been a lifeboat for New Zealand’s economic momentum as households grapple with cost-of-living challenges. Recent population data from Stats NZ indicates that the working-age (15-64) population grew 2.3%pa in the June 2023 quarter, the fastest rate since mid-2016, boosted by strong net migration. Read

Annual inflation may have come down to 6.0%pa, but businesses and households alike are still facing extreme cost pressures. A massive influx of migration and a high number of people returning to work has helped to alleviate some labour market pressures, and yet some underlying wage measures are stil... Read

New Zealand entered its first non-lockdown recession since 2010 in the March 2023 quarter, with GDP shrinking 0.1%, following a 0.7% contraction the previous quarter. Although this slight decline in GDP confirms that the Reserve Bank’s interest rate rises are having their desired effect, the range of results across different industries shows that some parts of the economy are hurting more than others. Read

Our current economic environment is putting the tourism sector in a precarious position; tourism arrival recovery from several key international markets has declined, if not stagnated, over the last few months. Just this week, Stats NZ confirmed this week that the New Zealand economy has entered a t... Read