NZD News

The manufacturing sector in New Zealand fell back into contraction territory in June, the latest survey from BusinessNZ revealed on Friday with a Performance of Manufacturing Index score of 49.7.

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New Zealand business confidence improved marginally in July, though remained gloomy overall, survey results from ANZ showed on Thursday.

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Food prices in New Zealand were up 7.4 percent on year in July, Statistics New Zealand said on Friday - accelerating from 6.6 percent in June.

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The services sector in New Zealand continued to expand in July, albeit at a slower pace, the latest survey from BusinessNZ revealed on Monday with a Performance of Services Index score of 51.2.

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The total volume of retail sales in New Zealand was down a seasonally adjusted 2.3 percent on quarter in the second quarter of 2022, Statistics New Zealand said on Thursday - after slipping 0.5 percent in the three months prior.

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New Zealand central bank raised its key interest rate again by 50 basis points on Wednesday.

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Consumer prices in New Zealand were up 7.2 percent on year in the third quarter of 2022, Statistics New Zealand said on Tuesday.

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New Zealand posted a merchandise trade deficit of NZ$1.615 billion in September, Statistics New Zealand said on Friday.

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The value of electronic retail card spending in New Zealand was up a seasonally adjusted 1.0 percent on month in October, Statistics New Zealand said on Wednesday - slowing from the downwardly revised 1.3 percent gain in September (originally 1.4 percent).

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The business sector in New Zealand fell into contraction in October, the latest survey from BusinessNZ revealed on Friday with a manufacturing PMI score of 49.3.

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