Category: economy
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New Zealand Household Saving Drops Sharply in September Quarter
New Zealand's household saving fell by $928 million to $703 million in the September 2025 quarter, compared to the previous quarter, according to experimental national accounts data. Household net disposable income also decreased by 0.7 percent, a drop of $471…
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New Home Consents Increase Driven by Multi-Unit Dwellings
New home consents in Aotearoa New Zealand increased by 7.0 percent in the year ended November 2025, with a total of 35,969 new homes consented. This rise was predominantly led by multi-unit homes, according to figures released by Stats NZ.…
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New Zealand Sees Slight Rise in Filled Jobs in November 2025
New Zealand's labour market showed a slight expansion in November 2025, with a 0.3% increase in seasonally adjusted filled jobs compared to the previous month. This rise represents an addition of 6,569 jobs, bringing the total to 2.35 million filled…
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New Zealand Economy Grows 1.1% in September 2025 Quarter Amidst Rising Unemployment
New Zealand's economy experienced growth in the September 2025 quarter, with gross domestic product (GDP) rising by 1.1 percent. This follows a 1.0 percent decrease in the previous quarter. The primary driver of this growth was the business services sector,…
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Media Monitor: The Hindu reports India, New Zealand conclude FTA talks
The Hindu is reporting that India and New Zealand on Monday concluded discussions on a free trade agreement (FTA) that will give India tariff-free access to the island nation’s markets. It said the agreement is expected to bring in $20…
BusinessPolitics and GovernmentWorldTradeEconomyEmployment and LaborAsia The HinduIndiaFree Trade AgreementTariffsVisas
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FMA Announces Board Appointments and Reappointments
The Financial Markets Authority (FMA) has announced several changes to its Board. Steven Bardy has been appointed Deputy Chairperson, effective from January 1, 2026, until February 28, 2027. Mr. Bardy brings extensive experience in financial services, regulation, compliance, and risk…
Politics and GovernmentBusinessAustralasiaFinancial MarketsEconomyBanking Financial Markets AuthoritySteven BardyPhilip DoakAlastair HercusChristopher SwasbrookPrasanna GaiBoard AppointmentsNZ Financial Markets Authority
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FMA Warns Chance Voight Investors Amid Liquidation
The Financial Markets Authority (FMA) is advising investors in Rangiora-based Chance Voight to seek full information before providing further funds to Bernard Whimp or any Chance Voight-related entity. This warning comes as the FMA has applied to the High Court…
BusinessPolitics and GovernmentLegalFinancial MarketsEconomyLaw Enforcement Financial Markets AuthorityChance VoightBernard WhimpLiquidationInvestmentRangioraNZ Financial Markets Authority
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Former Travel Agent Sentenced for $62,000 Fraud
A former travel agent has been sentenced to 13 months home detention for defrauding employers and acquaintances of more than $62,000. The 29-year-old Waihi woman was convicted on 16 fraud offences, including making a false statement, following an investigation by…
LegalLaw EnforcementBusinessSocial IssuesEconomy FraudAuckland City Financial Crime UnitWaihiSentencingHome DetentionTheftNew Zealand Police
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New Zealand Fruit Exports Exceed $6 Billion
New Zealand's fruit exports have surpassed $6 billion for the year ended November 2025, according to figures released today by Stats NZ. Valued at $6.1 billion, this is the second time fruit exports have reached this milestone, with the first…
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New Zealand's GDP Rises 1.1% in September 2025 Quarter
New Zealand's gross domestic product (GDP) increased by 1.1 percent in the September 2025 quarter, according to figures released by Stats NZ today. This follows a 1.0 percent decrease in the June 2025 quarter. Economic growth spokesperson Jason Attewell noted,…
BusinessEconomyTradeFinancial MarketsAustralasia GDPStats NZeconomic growthSeptember 2025 quarterJason AttewellBusiness/FinanceStatistics NZ
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Wellington City Council News: Sludge Levy Error and Motorcycle Parking
Wellington City Council has announced a mistake in the household and commercial sludge levy charges. The error affected quarterly rates invoices issued on August 1 and November 1, 2025, resulting in undercharges. In other news, motorcycle parking will remain free…
Politics and GovernmentBusinessTransportationSocial IssuesState GovernmentsEconomyLegal Wellington City CouncilSludge LevyMotorcycle ParkingWellingtonRates InvoicesParking FeesLocal government
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Gross Earnings Data Release Date Changed
Stats NZ announced that the release of gross earnings data for the September 2025 quarter will be on Friday, December 19, at 2pm. This is a change from the previously scheduled date of December 11, 2025. According to the release,…
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New Zealand's Current Account Deficit Widens to $3.8 Billion
New Zealand's seasonally adjusted current account deficit has widened by $153 million to $3.8 billion in the September 2025 quarter, according to figures released by Stats NZ today. The primary income balance and the goods balance both contributed to the…
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New Zealand Food Prices Rise 4.4% Annually
Food prices in New Zealand have increased by 4.4 percent in the 12 months to November 2025, according to figures released today by Stats NZ. This follows a 4.7 percent increase in the 12 months to October 2025. The grocery…
BusinessEconomyTradeAgricultureAustralasia Food PricesStats NZInflationGroceryMeatConsumer Price IndexStatistics NZ
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Media Monitor: Hipkins Promises Different Labour
RNZ is reporting that Chris Hipkins is promising a different Labour party after the last election saw the end of Labour's six years in government. Hipkins is returning to the opposition benches just 10 months after becoming prime minister. In…
Politics and GovernmentBusinessHealthSportWeatherNational PartyEconomyMedical ScienceAsiaGeneral Weather
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Media Monitor: Consumer NZ Reviews Sunscreens, Electric Cars, and More
Consumer NZ is reporting on a variety of product tests and consumer advice. It said its database compares over 160 sunscreens from more than 40 brands, filtering by SPF, water resistance, and testing year. The organization has also tested over…
BusinessScience & TechnologyAustralasiaEconomyComputers and InternetSocial Issues
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New Zealand Retail Spending Rises in November 2025
Spending in New Zealand's retail sector saw an increase of 1.2 percent ($86 million) in November 2025, according to the latest electronic card transactions (ECT) data. The core retail industries also experienced growth, with spending up by 1.1 percent ($67…
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New Zealand's Filled Jobs Remain Flat in September 2025 Quarter
Wellington, New Zealand – Stats NZ reported that total filled jobs in New Zealand reached 2.23 million in the September 2025 quarter. Seasonally adjusted figures showed a flat trend, with an increase of only 938 jobs compared to the June…
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New Zealand Business Financial Data Shows Sales Increase in September 2025 Quarter
New Zealand's business financial data for the September 2025 quarter indicates positive financial movement across most market industries. Sales reached $197 billion, a $7.6 billion increase (4.0 percent) compared to the September 2024 quarter. Purchases also rose to $138 billion,…
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Wellington's Bike Network Sees Growth
Wellington City Council announced on December 10, 2025, that the city's bike network is expanding. According to the council, more people are choosing cycling as a mode of transport. This growth reflects the city's ongoing efforts to promote sustainable transportation…
Politics and GovernmentBusinessTransportationState GovernmentsEconomy WellingtonBike NetworkCyclingUrban PlanningLocal GovernmentSustainable TransportationWellington City Council
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Gross Earnings Data Delay for September 2025 Quarter
Stats NZ has announced that gross earnings data will not be included in the Business employment data: September 2025 quarter release on December 11, as originally planned. The delay is attributed to issues identified during data preparation. According to the…
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Rental Property Flow Data to be Reinstated in Price Indexes
Stats NZ will include the flow of rental properties measures (national and regional) in the Selected price indexes: November 2025 release on 16 December 2025. This data has been absent since November 2024 due to necessary work integrating the data,…
BusinessPolitics and GovernmentReal EstateEconomyState Governments
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FMA Releases Kaupapa Māori Research to Address Data Gaps
The Financial Markets Authority (FMA) - Te Mana Tātai Hokohoko – has released two Kaupapa Māori research papers to address gaps in understanding the experiences of Māori consumers and providers in Aotearoa New Zealand’s financial markets. This marks the first…
BusinessPolitics and GovernmentAustralasiaEconomyFinancial MarketsSocial IssuesState Governments
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FMA Releases Thematic Review on Financial Institutions' Product and Service Reviews
The Financial Markets Authority (FMA) - Te Mana Tātai Hokohoko – has released a thematic review on financial institutions’ product and services reviews. Executive Director, Licensing and Conduct Supervision, Clare Bolingford, said: “When financial institutions proactively review products and services,…
BusinessFinancial MarketsBankingEconomyLegal Financial Markets AuthorityFMAClare Bolingfordfinancial institutionsproduct reviewsservice reviewsLicensing and Conduct SupervisionNZ Financial Markets Authority
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Wellington's Visa Wellington On a Plate and Beervana Festivals Boost Economy by $10 Million
Wellington’s Visa Wellington On a Plate and Beervana festivals have delivered a $10 million boost to the capital’s economy. This year, 250 hospitality businesses across the region participated in the events. The annual Beervana weekend saw more than $3 million…
BusinessPolitics and GovernmentAustralasiaEconomyState Governments
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Wellington Gears Up for Festive Weekend and Economic Boost
Wellington is set to be a hub of activity next weekend, with a major film premiere, an international cricket match, the arrival of a cruise ship, and a visit from Santa Claus. The events are expected to provide a significant…
WorldEntertainmentBusinessAustralasiaFilm and TVMusicEconomy
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New Zealand Building Volume Rises Despite Overall Value Decrease
Statistics New Zealand reported that in the September 2025 quarter, the seasonally adjusted total building volume rose 1.5 percent compared with the June 2025 quarter. Residential building saw a 2.8 percent increase, while non-residential building experienced a 1.3 percent fall.…
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Ultra Music Festival to Debut in Wellington, New Zealand in 2026
Ultra Music Festival is set to make its New Zealand debut in Wellington in 2026. The electronic dance music festival, known for its global presence, will be hosted along the capital city’s waterfront on Friday 10 April 2026. Audiology Touring…
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EU Approves Continued Use of New Zealand Financial Benchmarks
The European Commission has decided to recognise New Zealand’s legal and supervisory framework for financial benchmarks as equivalent to the European Union’s. The Financial Markets Authority (FMA) - Te Mana Tātai Hokohoko – has welcomed the decision. This, coupled with…
BusinessPolitics and GovernmentEuropeFinancial MarketsTradeEconomyBankingLegal European CommissionFinancial Markets AuthorityNZ Bank Bill RateBKBMFinancial BenchmarkFinancial RegulationNZ Financial Markets Authority
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New Zealand's International Trade Increased in September 2025 Quarter
New Zealand's international trade saw an increase in the September 2025 quarter. Total exports of goods and services reached $25.0 billion, up from $22.3 billion in the same quarter of the previous year. Imports also rose, totaling $30.7 billion, compared…