New Zealand

Overview

Indicator

Last

Reference

Previous

Frequency

0.9%

1 Q 2026

0.6%

Quarterly

$0.698 B

Mar 2026

$-0.365 B

Monthly

Unemployment Rate

5.4%

4 Q 2025

5.3%

Quarterly

0.2%

4 Q 2025

0.9%

Quarterly

RBNZ Interest Rate Decision

2.25%

2.25%

Economic Calendar

27 April, Monday

Actual

Forecast

Previous

All day

NZD

All day

ANZAC Day

Act:

Fcst:

Prev:

30 April, Thursday

Actual

Forecast

Previous

01:00

NZD

01:00

ANZ Business Confidence

Act:

Fcst:

12.5

Prev:

32.5

01:00

ANZ Activity Outlook

Act:

Fcst:

41.1

Prev:

39.3

22:45

NZD

22:45

Building Consents m/m

Act:

Fcst:

-3.7%

Prev:

2.7%

1 May, Friday

Actual

Forecast

Previous

19:30

NZD

19:30

CFTC NZD Non-Commercial Net Positions

Act:

Fcst:

Prev:

-48.5 K

Economic indicators

Consumer

Last

Reference

Previous

Frequency

Electronic Card Retail Sales m/m

0.7%

Mar 2026

1.4%

Monthly

Electronic Card Retail Sales y/y

2.7%

Mar 2026

1.5%

Monthly

Retail Sales q/q

0.9%

4 Q 2025

1.9%

Quarterly

Core Retail Sales q/q

1.5%

4 Q 2025

1.2%

Quarterly

Retail Sales y/y

4.4%

4 Q 2025

4.5%

Quarterly

RBNZ Credit Card Spending y/y

2.1%

Mar 2026

1.1%

Monthly

Westpac McDermott Miller Consumer Confidence

94.7

1 Q 2026

96.5

Quarterly

Prices

Last

Reference

Previous

Frequency

Food Price Index m/m

-0.6%

Mar 2026

-0.1%

Monthly

0.9%

1 Q 2026

0.6%

Quarterly

3.1%

1 Q 2026

3.1%

Quarterly

-0.5%

4 Q 2025

0.2%

Quarterly

0.1%

4 Q 2025

0.6%

Quarterly

Export Price Index q/q

5.3%

4 Q 2025

-1.6%

Quarterly

Import Price Index q/q

1.5%

4 Q 2025

0.5%

Quarterly

Terms of Trade Index q/q

3.7%

4 Q 2025

-2.1%

Quarterly

Export Volume Index q/q

-3.2%

4 Q 2025

2.5%

Quarterly

Import Volume Index q/q

5.8%

4 Q 2025

-1.1%

Quarterly

RBNZ 2-Year Inflation Expectations

2.37%

1 Q 2026

2.28%

Quarterly

ANZ Commodity Price Index m/m

4.1%

Mar 2026

4.2%

Monthly

GDT Price Index

-2.7%

-3.4%

Housing

Last

Reference

Previous

Frequency

Building Consents m/m

2.7%

Feb 2026

2.0%

Monthly

Trade

Last

Reference

Previous

Frequency

$7.944 B

Mar 2026

$6.518 B

Monthly

$7.246 B

Mar 2026

$6.882 B

Monthly

$0.698 B

Mar 2026

$-0.365 B

Monthly

Trade Balance 12-Months

$-3.191 B

Mar 2026

$-3.099 B

Monthly

Current Account

$-5.984 B

4 Q 2025

$-8.357 B

Quarterly

Current Account 12-Months

$-16.347 B

4 Q 2025

$-15.361 B

Quarterly

Current Account - GDP Ratio

-3.7%

4 Q 2025

-3.5%

Quarterly

Labour

Last

Reference

Previous

Frequency

Visitor Arrivals m/m

1.7%

Feb 2026

1.1%

Monthly

Net Permanent & Long-Term Migration

3.970 K

Feb 2026

3.830 K

Monthly

Visitor Arrivals y/y

15.2%

Feb 2026

4.1%

Monthly

Unemployment Rate

5.4%

4 Q 2025

5.3%

Quarterly

Participation Rate

70.5%

4 Q 2025

70.3%

Quarterly

Employment Change q/q

0.5%

4 Q 2025

0.0%

Quarterly

Labor Cost Index q/q

0.4%

4 Q 2025

0.5%

Quarterly

Labor Cost Index y/y

2.0%

4 Q 2025

2.1%

Quarterly

GDP

Last

Reference

Previous

Frequency

0.2%

4 Q 2025

0.9%

Quarterly

1.3%

4 Q 2025

1.1%

Quarterly

GDP Expenditures q/q

0.1%

4 Q 2025

0.9%

Quarterly

GDP Annual Change

0.2%

4 Q 2025

-0.5%

Quarterly

Business

Last

Reference

Previous

Frequency

Manufacturing Sales Volume q/q

-0.5%

4 Q 2025

1.2%

Quarterly

Manufacturing Sales q/q

0.6%

4 Q 2025

2.6%

Quarterly

ANZ Business Confidence

32.5

Mar 2026

59.2

Monthly

ANZ Activity Outlook

39.3

Mar 2026

52.6

Monthly

BusinessNZ Manufacturing Index

53.2

Mar 2026

54.8

Monthly

BusinessNZ Services Index

46.0

Mar 2026

47.6

Monthly

Money

Last

Reference

Previous

Frequency

RBNZ Interest Rate Decision

2.25%

2.25%

Government

Last

Reference

Previous

Frequency

RBNZ Non-Resident Debt Holdings

56.7%

Mar 2026

57.2%

Monthly

OBEGAL Forecast

$-14.740 B

$-12.868 B

Net Debt Forecast, % GDP

42.7%

45.1%

Market

Last

Reference

Previous

Frequency

CFTC NZD Non-Commercial Net Positions

-48.5 K

21 Apr 2026

-42.3 K

Weekly