Chart of the Month: How long until interest rate rises hit borrowers?

The Reserve Bank’s August 2021 Monetary Policy Statement made it clear that interest rates will continue to be pushed higher. Demand conditions across the New Zealand economy are strong, but supply issues are creating heightened labour market and inflationary pressures.

Chart of the Month: Who gets paid what?

Labour market pressures are building across New Zealand, with rising employment, higher job ads, practically non-existent migration, and difficulty finding workers. New Zealand’s strong levels of demand, coupled with a restricted supply (of both workers and materials), means that businesses are having to pay more for a limited pool of talent.

Chart of the Month: Could New Zealand’s chocolate sector expand?

With Easter occurring later this week, there’s an increased interest in all things chocolate. In the March 2021 Chart of the Month, we wanted to dive into the numbers and see where Sunday’s easter egg hunt might have originated from, where we make our local chocolate, and where it might eventually end up (aside from our stomachs).

Chart of the month: summer’s big hole in tourism revenue

Since the borders were closed in March, we have consistently argued that an increase in spending by New Zealanders on domestic holidays could never make up for the loss in revenue from foreign visitors. Data for 2019 shows that international tourism was worth $16.0b to the New Zealand economy, while Kiwis spent $6.2b on overseas holidays.

Chart of the month – Where did you come from, where did you go?

The New Zealand border has been closed since March, and with it, international tourism has all but vanished. International arrivals in July were 98% lower than a year ago, with only 3,521 arrivals. But even though there aren’t many new visitors arriving, there are quite a few still in New Zealand. Data published by StatsNZ estimates there to be somewhere between 90,000 and 140,000 international tourists currently residing across the country, which has implications for employment and support needs.