Economic Indicators Monitoring | Hawke’s Bay and New Zealand
Registered Valuers. Registered Property Consultants. LINZ Accredited. Hawke’s Bay-based premium quality valuation and creative property strategy© leading +$0.5b acquisitions-disposals NZ-wide since 1998. Valuation litigation and commercial property specialists. Development and public land specialists. Our People. Property economy analysts and commentators – for Press.
Team Turley & Co has collated 43 Hawke’s Bay and NZ economic and property indicators for monitoring pre-COVID and since. Our latest quarterly comparison update 31 March 22 is posted below.
Other Turley & Co commercial-industrial property indicators and retail occupancy. And Q1-22 economic indicators news post.
Hawke’s Bay
Key measures for Q1-22:
- Unemployment decreased from 4.1% to 3.5% since pre-COVID.
- Quarterly retail spending to Mar 22 up 10.6% since Dec 19.
- Annual retail spending up 52.2% since Jun 19.
- New residential building consents up 50% since Sep 19.
- Napier port bulk cargo imports and exports over 24 months has increased 12.3% and 17% respectively.
Key measures for Q4-21:
- Unemployment decreased from 4.1% to 3.8% in 24 months.
- Quarterly retail spending to Dec 2021 up 21.4% from 24 months prior.
- Median house price up 57.7% in 24 months.
- Hawke’s Bay airport passenger numbers are down 37.7% on Nov 2020, but up 11,300 on Q3-21.
Turley & Co prior economic metrics reports HB:
New Zealand
Key measures for Q1-22:
- Unemployment is down 22% and underutilisation down 7% compared to pre-COVID.
- CPI increased to 6.9% up from 1.9% at Dec 19.
- The average floating mortgage rate for Mar 22 is 6.8% lower than Dec 19.
- Government spending is up 22.2% since Jun 19.
- GDP is up 18.3% in 33 months.
- New commercial vehicle sales were up 227.9% on Dec 19.
New Zealand for Q4-21:
- Unemployment is down 22% and underutilisation down 8% compared to pre-COVID.
- CPI inflation is 5.9% up from 1.9% 24 months prior.
- Business confidence is down since December 2019 from neg. 13.2% to neg. 23.2%.
- Government spending is up 20.8% in 23 months.
- The average floating mortgage rate for Dec 2021 is 9.9% lower than Dec 2019.
Turley & Co prior economic metrics reports NZ:
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