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2023-10
Newsletter - October 2023

October has been a busy month across the board, with the 2023 General Election been and gone, new inflation and population data to digest, and the release of the latest Infometrics forecasts!

To kick off the October newsletter, Senior Economist Nick Brunsdon has examined the latest subnational (local level) population data, finding that the rapid change in net migration has boosted the population of some areas much greater than others.

Next, Chief Product Innovation Andrew Whiteford got creative with our data once again to produce the 2022 Infometrics Creativity Index. Although Wellington remains on top, there was another battle for second place in the 2022 Index.

The latest Infometrics quarterly forecasts were released only a couple of weeks ago, and as Chief Forecaster Gareth Kiernan notes in his media release profiling the forecasts, the New Zealand economy looks to be on track for a soft landing, with less of a slowdown than originally feared.

Lastly, Economist Sabrina Swerdloff uses our October Chart of the Month to look at the rising cost of fuel, and how underlying diesel prices are rising more than petrol at the moment.

Articles
View of Mangere and Manukau Harbour from Mangere Mountain
Rising tide of net migration doesn’t lift all boats
Last week Stats NZ published the latest subnational population estimates – an exciting time for those of us with a regional demographic focus. In theory, these annual population estimates should be...
Read more
Silhouette of a Man Playing Saxophone during Sunset
New Zealand’s most creative city in 2022
Although the top-ranking city in the Infometrics Creativity Index remained the same in 2022, there were some movements further down the ranking as local economies bounced back from the impact of...
Read more
Soft Landing
Media Release: Slowing inflation paves the way for soft landing
The New Zealand economy is on track for the much sought-after “soft landing”, according to Infometrics’ latest forecasts. Although economic activity is set to remain patchy in coming quarters,...
Read more
Wellington Fuel Station - August 2023
Chart of the Month: Understanding the diesel price surge
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...
Read more
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