Video | Agriculture | Confidence | Economy | Energy | Employment | Finance | Media | Property | RBNZ | Science | SOEs | Tax | Technology | Telecoms | Tourism | Transport | Search

 

RBNZ MPS: Summary Of Economic Projections

Table 1
Summary of economic projections
(Annual percentage change, unless specified otherwise)

:::Actuals:::Projections
March year:::2000:::2001:::2002:::2003:::2004

Price measures
:::CPI*:::1.7:::3.1:::21/2:::11/2:::11/2
:::Wages:::2.0:::21/2:::31/2:::3:::21/2
:::Import prices (in New Zealand dollars):::11.2:::91/2:::-4:::-4:::0
:::Export prices (in New Zealand dollars):::9.6:::20:::-10:::0:::1

Monetary conditions
:::90-day bank bill rate (year average):::5.2:::6.6:::6:::6:::6
:::TWI (year average):::56.1:::50.4:::50:::52:::531/2

Output
:::GDP (production, annual average % change):::4.6:::21/2:::3:::3:::21/2
:::GDP (production, March qtr to March qtr):::5.5:::1:::31/2:::3:::21/2
:::Output gap (% of potential GDP, year average):::0.2:::0:::0::: 1/2:::0

Labour market
:::Total employment (annual % change):::1.4:::21/2:::11/2:::11/2:::11/2
:::Unemployment rate (March qtr, s.a.):::6.4:::51/2:::51/2:::51/2:::5
:::Labour productivity (annual average % change):::2.6:::1::: 1/2:::2:::11/2

Key balances
:::Government operating balance:::1.4:::1:::2:::21/2:::3
:::(% of GDP, year to June)
:::Current account balance:::-6.9:::-5:::-5:::-41/2:::-4
:::(% of GDP, year to March)
:::Terms of trade (annual average % change):::-0.1:::31/2:::-11/2:::1:::21/2
:::Household savings rate:::-4.1:::-3:::-3:::-3:::-11/2
:::(% of disposable income, year to March)

World economy
:::World GDP (annual average % change):::4.4:::31/2:::21/2:::31/2:::31/2
:::World CPI inflation:::2.0:::21/2:::11/2:::11/2:::2



Quarterly projections:::Sep-00:::Dec-00:::Mar-01:::Jun-01:::Sep-01

:::CPI (quarterly percentage change):::1.4:::1.2:::-0.2:::0.9:::0.6
:::CPI (annual percentage change):::3.0:::4.0:::3.1:::3.3:::2.5


e = estimate.
s.a. = seasonally adjusted

*:::This series is annual CPIX inflation until the June 1999 quarter, and annual CPI inflation thereafter (adjusted by SNZ to exclude interest and section prices from the September 1999 quarter to the June 2000 quarter).

Notes for this table are in Appendix 5 of the May 2001 Monetary Policy Statement.

© Scoop Media

 
 
 
Business Headlines | Sci-Tech Headlines

 

DIA: First Prosecution For Failing To Identify A Problem Gambler

Director of Gambling, Chris Thornborough, today announced that the Department of Internal Affairs (the Department) has charged a manager of a gambling venue for allegedly failing to take all reasonable steps to identify a problem gambler. More>>

Zero Gross CO2 Target, Separate Biological Emissions: Environment Commission On ETS

A report about taking an alternative ‘landscape approach’ to Aotearoa New Zealand’s long-term climate change targets and policies has been released today by the Parliamentary Commissioner for the Environment, Simon Upton. More>>

ALSO:

Tax Bill Passes, Drops: “An End To Unnecessary Secondary Tax”

“The changes mean Inland Revenue will more closely monitor the tax paid by wage and salary earners through the year. If it appears the worker is being over taxed, Inland Revenue will suggest a more suitable PAYE tax code tailored to that worker.” More>>

ALSO:

Ethiopian Airline Crash: Boeing 737 Max Aircraft Operations Temporarily Suspended

New Zealand’s Civil Aviation Authority has suspended the operation of Boeing 737 MAX aircraft to or from New Zealand. Currently this affects only one operator, Fiji Airways. There are no other airlines that fly this aircraft type to New Zealand. More>>

ALSO: