Manufacturing in New Zealand

New Zealand Manufacturing | Economic News & Forecasts

New Zealand - Manufacturing

The economy seems to have sustained its momentum in the first quarter even though tailwinds to growth have softened. Domestically, lower electronic card transactions and a dip in employment growth point to more moderate household spending. Fixed investment, on the other hand, likely held up, supported by upbeat construction activity as reflected by rising building consent issues in Q1. On the external front, export growth was probably restrained by waning tourist arrivals, which recorded the slowest expansion in six years owing to a fall in Chinese visitors. Turning to Q2, domestic activity looks somewhat brighter: Electronic card transactions accelerated in April, which, coupled with upbeat consumer sentiment, suggest that spending may strengthen ahead. In addition, investment should get a boost going forward after the ruling Labour party rolled back its planned capital gains tax on 17 April, amid growing opposition.

New Zealand - Manufacturing Data

2013  2014  2015  2016  2017  
Manufacturing (annual variation in %)0.9  1.3  2.0  2.7  2.1  

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New Zealand Manufacturing Chart

New Zealand Industry
Note: Annual variation of manufacturing output in %.
Source: Statistics New Zealand and Met the why particular calculations.

New Zealand Facts

Bond Yield1.671.20 %Jun 14
Exchange Rate0.65-1.69 %Jun 14
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