Economic Indicators Monitoring | Hawke’s Bay and New Zealand

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Team Turley & Co has collated 39 economic and property indicators for Hawke’s Bay and NZ for monitoring pre-COVID and since. 

Originally published 31 Jul 20, we compare pre-COVID economic metrics with the most recent.  Refer to our latest quarterly update 30 Sep 21 below.  

For other information refer to Turley & Co commercial-industrial property indicators and retail occupancy.  Refer to our Q3-21 economic indicators new post.  

 

For — Hawke’s Bay

Key measures for Hawke’s Bay Q3-21:

  • Unemployment decreased from 4.1% to 2.6% in 21 months.
  • Retail occupancy 1 point improved from pre-COVID to Sep 2021.  Next Turley & Co survey Mar 2022. Last survey Q3-21.  
  • Annual retail spending to Sep 2021 up 18.2% on the 12 months to Jun 2019.
  • New building consents all categories up 54.9% and for residential 69.3% for 24 months.
  • Median house price up 52.9% in 21 months.
  • Napier Port bulk cargo exports up 17% compared to the 12 months to Sep 2019. 

 

Hawke’s Bay midyear-2021:

  • Unemployment decrease from 4.1% to 3.2% for 18 months.
  • Regional economy ranking is up 9 places to 2nd since pre-COVID.
  • Retail occupancy stable since pre-COVID to March 2021. Next Turley & Co survey October. 
  • Quarterly retail spending is up 7.0% on 18 months prior.
  • New building consents all categories up 41% and for residential 53% for 12 months.
  • Median house price up 35% in 18 months.

 

Turley & Co prior economic metrics reports HB:

 

For — New Zealand 

Key measures for New Zealand Q3-21:

  • Unemployment is down 17.1% and underutilisation down 8% compared to pre-COVID.
  • CPI inflation is 4.9% up from 1.9% 21 months prior.  
  • Business confidence is improved 45.5% since December 2019 from neg. 13.2% to neg. 7.2%.
  • Quarterly GDP growth is up 460% for the September 2021 quarter compared to the December 2019 quarter.
  • Government spending is up 11% in 18 months.
  • Government net debt increased 77.8% to $102b in 23 months.

 

New Zealand midyear-2021:

  • Unemployment is up 14.6% and underutilisation up 22% since pre-COVID.
  • CPI inflation is 3.3% up from 1.9% 18 months prior.   
  • Business confidence is improved 95.5% since December 2019 from neg. 13.2% to neg. 0.6%.
  • GDP is up 8.3% over 21 months.
  • Government spending is up 9.6% in 15 months.
  • Government net debt increase 44.4% to $83b in 12 months.

 

Turley & Co prior economic metrics reports NZ:

 

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