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Statistic New Zealand updates - September
A number of different data reports have been released over the past month. Some of those relevant to the wider Bay of Plenty region include:
• Retail card spending in New Zealand fell 19.8 per cent in August as the country went into lockdown in the second half of the month. This latest drop in monthly seasonally adjusted card spending was less than half the drop seen in April 2020 (down 47.3 per cent). Full data here.
• Merchandise terms of trade for the June 2021 quarter rose 3.3 per cent on the previous quarter, as rising global commodity prices contributed to a strong quarterly increase in export prices. Export prices for goods rose 8.3 per cent on the previous quarter, while import prices rose 4.8 per cent. Read more here.
• The volume of building activity in New Zealand rose 2 per cent in the June 2021 quarter, compared with the March 2021 quarter. Residential building activity drove the increase, rising 4.2 per cent, while non-residential building activity fell 1.5 per cent. More data here.
• Gross domestic product (GDP) rose by 2.8 per cent in the June 2021 quarter, following a 1.4 per cent increase in the March 2021 quarter. June 2021 quarter GDP was 4.3 per cent higher when compared with the December 2019 quarter, the quarter immediately before New Zealand’s first COVID-19 cases and the introduction of associated restrictions. Full data here.
• Filled jobs in the June quarter rose by 0.7 per cent - or almost 15,000 jobs - compared with the March 2021 quarter. The largest increase came from the construction industry, where filled jobs rose 2.2 per cent – or approximately 3700 jobs - from the previous quarter. The professional, scientific, and technical services industry had the second largest increase, up 1.4 per cent or 2300 jobs. Read more here.
Friday, September 17, 2021