Parliament

Gordon Campbell | Parliament TV | Parliament Today | Video | Questions Of the Day | Search

 

More evidence of solid September quarter growth

Treasurer Bill English today welcomed evidence that exports grew faster than imports in the September quarter.

"Exports grew by 10.5% in the September quarter from June. The evidence points towards a strong rebound in economic growth in the September quarter.

"Today's overseas trade data showed the value of New Zealand's exports increased more rapidly than imports did in the September quarter. This suggests that net exports made a positive contribution to GDP in September. Imports also increased in the quarter but the trend is slowing. Excluding the import of aircraft in the quarter, imports rose around 4% from June. Including the aircraft, imports rose 9.0% on the quarter.

"Today's positive export data comes on top of other indicators of strong economic activity. Employment increased in September and the unemployment rate fell. Retail spending recorded its strongest quarterly growth rate for over two years. Business and consumer confidence has steadied at solid levels and firms reported increased economic activity in the quarter.

"It is encouraging that the strength in exports was widespread across sectors in September. Dairy, fish, and wool exports all recorded double digit growth in the quarter. Exports of wood, meat products and manufacturing goods were also very strong.

"The annual trade deficit figure disguises the fact that exports are showing solid growth. Exports will strengthen further.

Treasury is picking exports will grow by 8% over the coming year. This is not surprising given the competitive exchange rate, low interest rates, and the strengthening international economy," said Mr English.

Ends

© Scoop Media

 
 
 
Parliament Headlines | Politics Headlines | Regional Headlines

Gordon Campbell: On Our Local Responses To The Global Problems Of Inflation


In the United Kingdom, inflation is running at its highest rate in 30 years. In the US, inflation hit 7% during 2021. You wouldn’t want to be in Estonia, where inflation has just hit 12%. Across the Eurozone – the measurement methods vary – inflation is averaging out at 5%. In Canada, inflation is running at its highest level in 30 years. Inflation is not simply a problem afflicting developed countries. In a developing country like Brazil inflation is running at its highest level in seven years...
More>>



 
 

Government: Building And Shaping A City: Future-proofing Auckland Transport Infrastructure
The Government is bringing Auckland’s transport infrastructure into the future by moving forward with an additional Waitematā Harbour crossing, progressing light rail from Auckland’s CBD to the airport, and creating a linked-up rapid transport network as part of a 30-year plan... More>>

The Treasury: Financial Statements Of The Government Of NZ For The 5 Months Ended 30 November 2021
Interim Financial Statements of the Government of New Zealand for the 5 months ended 30 November 2021... More>>

ALSO:


Government: Announces Three Phase Public Health Response To Omicron
The Government has announced a three phase Omicron plan that aims to slow down and limit the spread of an outbreak, Associate Minister of Health, Dr Ayesha Verrall announced today. “Through the course of managing Omicron, we will be taking a phased approach. As case numbers grow both testing and isolation approaches will change in response... More>>



Ministry Of Transport: Have Your Say On The Future Of Road User Charges
Te Manatū Waka Ministry of Transport is inviting New Zealanders to submit their views on improving the Road User Charges system, says Secretary for Transport, Peter Mersi... More>>


TradeMe: New Zealand Rents Climb $40 Per Week In One Year

New Zealand’s national median rent climbed $40 a week in 2021 to reach $560 in December, according to Trade Me’s latest Rental Price Index. Trade Me Property Sales Director Gavin Lloyd said last month’s national median weekly rent showed an 8 per cent annual increase... More>>


Transparency International: New Zealand Retains Top Ranking In Annual Corruption Perceptions Index
New Zealand is once again ranked least corrupt in the world by Transparency International’s annual Corruption Perceptions Index. This year New Zealand’s score of 88 out of 100 is unchanged resulting in it being first equal with Denmark and Finland... More>>

 
 
 
 
 
 

LATEST HEADLINES

  • PARLIAMENT
  • POLITICS
  • REGIONAL
 
 

InfoPages News Channels