Economic Indicators Monitoring | Hawke’s Bay and New Zealand

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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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