02 Sep 2026
2 months ago
556 views
The Reserve Bank raised the Official Cash Rate to 2.75% and expects the economic recovery to strengthen and broaden, supported by a resilient export sector and increased household spending. Inflation is anticipated to return to the mid-point of the target range, boosting purchasing power. Finance Minister Nicola Willis welcomed the assessment, highlighting the economy's resilience amid global challenges and the export-driven nature of the recovery.
02 Sep 2026
2 months ago
567 views
Finance Minister Nicola Willis welcomed the Reserve Bank’s assessment that the economic recovery is resuming and expected to broaden, highlighted by a 0.25 basis point increase in the Official Cash Rate to 2.75 percent. The Reserve Bank anticipates a strengthening recovery driven by a resilient export sector, increased household spending, and rising purchasing power as inflation moves toward the target range. Willis emphasized the economy’s resilience amid global challenges and noted that this recovery is export-led rather than reliant on rising house prices, offering a positive outlook despite ongoing difficulties.
20 Aug 2026
2 months ago
600 views
New Zealand has launched a joint programme by Stats NZ and the Office for Rural Communities to enhance rural data and better represent rural families, communities, and businesses in official statistics. This initiative aims to improve analysis methods, support informed policy decisions on infrastructure and services, and modernize the Integrated Data Infrastructure with significant government funding. The programme will reclassify 400,000 people as rural, strengthening the evidence base to support rural communities' economic contributions and future development.
14 Aug 2026
2 months ago
649 views
New Zealand's tourism recovery is strong, with international visitor arrivals in June 2026 reaching 95% of June 2019 levels and totaling 201,900 arrivals, an 8.1% increase from June 2025. Key markets like Australia and China showed significant growth, contributing to an annual total of 3,674,600 overseas visitors, up 9% from the previous year. Despite a global decline in air travel, New Zealand remains a popular destination, supporting economic growth and progress toward doubling tourism export value by 2034.
06 Aug 2026
3 months ago
663 views
An independent Deloitte review found New Zealand's minerals royalty regime transparent and comparable to similar countries, with most royalty revenue derived from legacy permits predating the 2013 framework. The report highlights the trade-offs between Crown returns, investment certainty, and sector stability, emphasizing the importance of fair returns amid emerging critical minerals opportunities. Policy work will continue with further advice in 2027, while decisions on changes will be made in the next government term.
05 Aug 2026
3 months ago
788 views
Finance Minister Nicola Willis acknowledges the second quarter was challenging for New Zealand's labour market, with rising costs and uncertainty causing employers to pause hiring, resulting in a 5.6% unemployment rate. The government is focusing on policies to boost economic growth and business confidence, including support for tourism, international education, major construction projects, infrastructure investment, and the Investment Boost initiative. These measures aim to encourage employers to invest and expand, fostering long-term job creation rather than quick fixes.
23 Jul 2026
3 months ago
865 views
New Zealand will begin releasing monthly Consumer Price Index (CPI) data from July 2027, providing more timely inflation information alongside the existing quarterly reports to enhance economic decision-making. This phased transition aims to maintain data quality and trust while offering frequent updates to households, businesses, and government agencies. Preliminary monthly reports will be published in May and June 2027, with regular monthly and quarterly CPI releases starting in August 2027.
21 Jul 2026
3 months ago
756 views
Today’s inflation rate of 4.1% is largely driven by a global oil price shock, with petrol and diesel prices rising significantly, while core inflation remains within the Reserve Bank's target range. Finance Minister Nicola Willis emphasizes the Government’s prudent response, including targeted support for those most affected by fuel costs and maintaining fiscal discipline to avoid exacerbating inflation. Despite global volatility, New Zealand’s economy is projected to grow steadily with job creation and wages outpacing inflation, supporting long-term affordability and resilience.
20 Jul 2026
3 months ago
879 views
The New Zealand Government has agreed to provide up to $60 million to Golden Bay Cement (GBC) to maintain domestic cement manufacturing at its Whangarei plant and support at least $150 million in investments through 2040, ensuring economic resilience against global supply disruptions. This decision follows concerns that rising costs and emissions expenses threatened the closure of the country's only fully integrated cement facility, which is vital for essential infrastructure construction. The support is conditional, includes strict oversight, and aims to preserve strategic domestic capability without undermining the Emissions Trading Scheme or setting a broad precedent for taxpayer funding.
13 Jul 2026
3 months ago
781 views
The Government is investing $12.5 million through the Regional Infrastructure Fund to develop Ōpōtiki Marina, supporting aquaculture growth and creating up to 87 construction jobs. Additionally, a $3 million grant will fund the Gas to Geoheat – Tauranga Geothermal System Project, exploring geothermal energy potential to support future renewable energy initiatives and create 15-20 jobs. These investments aim to unlock the Bay of Plenty’s natural resource potential, boost regional economic growth, job creation, and energy security.
09 Jul 2026
4 months ago
902 views
New Zealand's manufacturing sector experienced its strongest growth in nearly five years, with the BNZ-BusinessNZ Performance of Manufacturing Index rising sharply to 59.7 in June, indicating robust expansion across new orders, production, and employment. The sector, which employs over 220,000 people and contributes significantly to GDP and exports, is driving economic growth and outperforming major global economies. Government support, including the Investment Boost initiative, is helping manufacturers invest in productivity-enhancing machinery, sustaining the sector's momentum and future development.
25 Jun 2026
4 months ago
969 views
The New Zealand Government, led by Tourism and Hospitality Minister Louise Upston, has released a Tourism Policy Statement to guide collaboration between central and local governments and industry in growing tourism and boosting regional economies. The policy aims to double the value of tourism exports by 2034 through strategic investments, infrastructure, marketing, and initiatives like the Regional Tourism Boost, which supports campaigns to attract international visitors beyond main centers and peak seasons. With $5 million allocated for round three of the Regional Tourism Boost, targeting key markets such as Australia, China, and North America, recent data shows tourism is recovering strongly, with international visitor numbers reaching 94% of pre-pandemic levels.
18 Jun 2026
4 months ago
865 views
New Zealand's manufacturing sector led economic growth in the March 2026 quarter, expanding 1.9 percent and significantly contributing to the country's 0.8 percent GDP growth. This growth was driven by innovative firms like Dawn Aerospace, Rocket Lab, and Fisher and Paykel Healthcare, reflecting strong productivity and forward orders. The government supports this sector through initiatives like the Investment Boost, aiming to enhance productivity and sustain manufacturing's role in New Zealand's economic recovery.
18 Jun 2026
4 months ago
1000 views
New Zealand's manufacturing sector led economic growth in the March 2026 quarter, expanding 1.9 percent and driving a 0.8 percent overall GDP increase, with strong performance in transport equipment and machinery manufacturing. Key firms like Dawn Aerospace, Rocket Lab, and Fisher and Paykel Healthcare are spearheading innovation and productivity, supported by government initiatives such as the Investment Boost to encourage capital investment. Manufacturing, contributing around 8 percent of GDP and employing over 220,000 people, is central to New Zealand's economic recovery and future growth strategy.
18 Jun 2026
4 months ago
1124 views
New Zealand's economy showed strong momentum in the March 2026 quarter, growing 0.8%, nearly three times faster than Australia and twice as fast as the US, with GDP per capita and real purchasing power also rising. This growth reflects the resilience of New Zealanders amid challenging conditions and was supported by business investment and government policies, though uncertainty from the Middle East conflict may impact future growth. Despite short-term caution, the government remains focused on fiscal responsibility and expects economic growth to strengthen over time, leading to more jobs and higher incomes.