NZD News

New Zealand's gross domestic product shrank 1.6 percent on quarter in the first quarter of 2020, Statistics New Zealand said on Thursday.

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New Zealand posted a merchandise trade surplus of NZ$1.3 billion in May, Statistics New Zealand said on Thursday - following the NZ$1.267 billion surplus in April.

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New Zealand’s Financial Markets Authority (FMA) just published its per annum Investor Confidence Survey. Despite the ongoing COVID-19 caused difficulties, the confidence of New Zealander investors has remained high, the report reads.

The FMA survey reveals that for a third year in a row the confidence in the markets has basically stayed within the same range. This might come as a surprise to many, most notably because of the virus epidemic that has been the undoing of many a business, as well as affecting the trading market is unexpected ways.

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The total value of electronic retail credit card spending in New Zealand was up 16.3 percent on month in June, Statistics New Zealand said on Friday - coming in at NZ$5.7 billion.

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Food prices in New Zealand were up a seasonally adjusted 0.4 percent on month in June, Statistics New Zealand said on Monday.

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Consumer prices in New Zealand were down 0.5 percent on quarter in the second quarter of 2020, Statistics New Zealand said on Thursday - in line with expectations following the 0.8 percent increase in the three months prior.

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The services sector in New Zealand swung back into expansion territory in June, the latest survey from BusinessNZ revealed on Monday with a Performance of Services Index score of 54.1.

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The total number of building permits issued in New Zealand was up a seasonally adjusted 0.5 percent on month in June, Statistics New Zealand said on Thursday - coming in at 3,477.

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The unemployment rate in New Zealand came in at a seasonally adjusted 4.0 percent in the second quarter of 2020, Statistics New Zealand said on Wednesday.

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The services sector in New Zealand continued to expand in July at a steady pace, the latest survey from BusinessNZ showed on Monday with a Performance of Services Index score of 54.3.

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