Economic Indicators Monitoring | Hawke’s Bay and New Zealand

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Team Turley & Co has collated 33 economic and property indicators for Hawke’s Bay and NZ for monitoring pre-COVID and since. 

Originally published 31 Jul 20 comparing pre-COVID metrics with the most recent – latest update 30 Jun 21:

 

Turley & Co Commercial-Industrial reports recent Press page and link below:

SCOOP | 27 Sep 21 | Hawke’s Bay Commercial Property and Economy Upbeat

 

 

 

For Hawke’s Bay

Key measures for Hawke’s Bay as at mid-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.

 

For New Zealand 

Key measures for New Zealand as at mid-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.

 

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