NZD News

New Zealand posted a seasonally adjusted current account deficit of NZ$2.836 billion in the first quarter of 2017, Statistics New Zealand said on Wednesday.

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Food prices in New Zealand were up 2.4 percent on month in May, Statistics New Zealand said on Wednesday - following the 0.8 percent gain in April.

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New Zealand's gross domestic product climbed 0.5 percent on quarter in the first three months of 2017, Statistics New Zealand said on Thursday.

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The manufacturing sector in New Zealand continued to expand in May, and at a faster rate, the latest survey from Business NZ showed on Friday with a Performance of Manufacturing Index score of 58.5.

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New Zealand posted a merchandise trade surplus of NZ$103 million in May, Statistics New Zealand said on Tuesday - representing 2.1 percent of exports.

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New Zealand's house prices increased in June from a year ago, while the volume of sales plunged, the Real Estate Institute of New Zealand reported Thursday.

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New Zealand's net migration increased in June from a year ago, figures from Statistics New Zealand showed Friday.

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The Reserve Bank of New Zealand is unlikely to raise its interest rate until 2019, as the economy is still not generating much inflation, Paul Dales, an economist at Capital Economics, said.

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The jobless rate in New Zealand came in at a seasonally adjusted 4.8 percent in the second quarter of 2017, Statistics New Zealand said on Wednesday.

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New Zealand's job advertisements decreased in July, after rebounding in the previous month, the results of a survey by ANZ showed Thursday.

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