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 C
Summary of economic projections
(Annual percentage change, unless specified otherwise)
s.a. = seasonally adjusted*
This series is annual CPI inflation, excluding credit services, until the June 1999 quarter, and annual CPI inflation thereafter (adjusted by Statistics New Zealand to exclude interest and section prices from the September 1999 quarter to the June 2000 quarter).

Actuals Projections March year 1998 - 1999 - 2000 - 2001 - 2002 - 2003 - 2004 - 2005 - 2006 - 2007
Price measures CPI* 1.7 : 1.0 : 1.7 : 3.1 : 2.6 : 2.5 : 1.5 : 3 : 3 : 21/2
Labour costs 1.9 : 1.6 : 1.4 : 1.6 : 2.1 : 2.2 : 2.1 : 21/4 : 21/4 : 2
Import prices (in New Zealand dollars) 2.9 : 2.7 : 11.2 : 7.4 : -2.9 : -11.1 : -10.4 : 61/4 : 51/4 : 41/4
Export prices (in New Zealand dollars) 4.2 : -0.6 : 9.9 : 20.6 : -3.5 : -15.5 : -4.9 : 4 : 3 : 41/2
Monetary conditions 90-day rate (year average) 8.0 : 6.2 : 5.2 : 6.6 : 5.4 : 5.9 : 5.3 : 61/2 : 63/4 : 63/4
TWI (year average) 64.4 : 57.3 : 56.1 : 50.4 : 50.3 : 56.4 : 63.6 : 653/4 : 651/4 : 61
Output GDP (production, annual average % change) 1.5 : 0.4 : 4.8 : 2.7 : 3.3 : 4.4 : 3.6 : 4 : 2 : 21/4
GDP (production, March qtr to March qtr) 0.2 : 2.5 : 5.7 : 1.2 : 3.9 : 4.2 : 4.8 : 21/2 : 2 : 21/2
Output gap (% of potential GDP, year average) 0.1 : -1.9 : 0.3 : 0.2 : 0.3 : 1.2 : 1.2 : 13/4 : 1/4 : -1
Labour market Total employment 0.1 : 0.7 : 1.5 : 2.3 : 3.5 : 1.5 : 3.1 : 13/4 : 1/2 : ¼
Unemployment rate (March qtr, s.a.) 7.1 : 7.1 : 6.3 : 5.4 : 5.2 : 4.9 : 4.3 : 4 41/2 : 5
Trend labour productivity (annual % change) 1.4 : 1.5 : 1.4 : 1.4 : 1.4 : 1.3 : 1.4 : 11/2 : 13/4 : 21/4

Key balances

Government operating balance (% of GDP, year to June)2.5 : 1.7 : 1.3 : 1.2 : 1.9 : 1.5 : 41/4 : 41/4 : 33/4 : 31/2
Current account balance (% of GDP, year to March)-5.5 : -4.2 : -6.5 : -4.1 : -2.2 : -3.3 : -4.2 : -41/2 : -53/4 : -53/4
Terms of trade (OTI measure, annual average % change)-1.0 : -0.4 : -0.2 : 4.4 : 4.2 : -5.7 : 3.9 : 21/2 : -33/4 ¼
Household savings rate -4.1 : -4.5 : -1.4 : -5.1 : -3.1 : -8.9 : -9 : -10 : -11 : -93/4
(% of disposable income, year to March)

World economy

World GDP (annual average % change)3.5 : 2.0 : 4.2 : 3.7 : 1.4 : 2.9 : 3.3 : 4 : 31/2 : 31/2
World CPI inflation 2.2 : 1.1 : 2.0 : 2.7 : 1.4 : 2.2 : 1.5 : 21/4 : 13/4 : 2

© Scoop Media

 
 
 
 
 
Business Headlines | Sci-Tech Headlines

 

Onetai Station: Overseas Investment Office Puts Ceol & Muir On Notice

The Overseas Investment Office (OIO) has issued a formal warning to Ceol & Muir and its owners, Argentinian brothers Rafael and Federico Grozovsky, for failing to provide complete and accurate information when they applied to buy Onetai Station in 2013. More>>

ALSO:

Tomorrow, The UN: Feds President Takes Reins At World Farming Body

Federated Farmers president Dr William Rolleston has been appointed acting president of the World Farmers’ Organisation (WFO) at a meeting in Geneva overnight. More>>

ALSO:

I Sing The Highway Electric: Charge Net NZ To Connect New Zealand

BMW is turning Middle Earth electric after today announcing a substantial contribution to the charging network Charge Net NZ. This landmark partnership will enable Kiwis to drive their electric vehicles (EVs) right across New Zealand through the installation of a fast charging highway stretching from Kaitaia to Invercargill. More>>

ALSO:

Watch This Space: Mahia Rocket Lab Launch Site Officially Opened

Economic Development Minster Steven Joyce today opened New Zealand’s first orbital launch site, Rocket Lab Launch Complex 1, on the Mahia Peninsula on the North Island’s east coast. More>>

Earlier:

Marketing Rocks!
Ig Nobel Award Winners Assess The Personality Of Rocks

A Massey University marketing lecturer has received the 2016 Ig Nobel Prize for economics for a research project that asked university students to describe the “brand personalities” of three rocks. More>>

ALSO:

Nurofen Promotion: Reckitt Benckiser To Plead Guilty To Misleading Ads

Reckitt Benckiser (New Zealand) intends to plead guilty to charges of misleading consumers over the way it promoted a range of Nurofen products, the Commerce Commission says. More>>

ALSO:

Get More From Scoop

 
 
 
 
 
 
 
 
 
Business
Search Scoop  
 
 
Powered by Vodafone
NZ independent news