New Zealand NZ

Currency: NZD. Central bank: Reserve Bank of New Zealand. NZD/USD: 0.5564.

Macro read

Consolidated decision read: what to monitor, why it matters, and where the data is still thin.

Regime scenario

Low risk

Reflation

Growth at or above trend with inflation above target.

Growth Moderate 6.1 · Inflation Above target 4.4 · weakest: Labor 2.6, External 2.7

What to monitor: Keep in monitoring rotation and watch the next high-impact releases.

growth momentuminflation trendcentral bank stance

Where data is thin

IndicatorsNew Zealand Composite leading indicator

Macro regime

Six dimensions, scored from 0 to 10. Radar shows the overall shape; cards show trend and label per dimension.

Growth

6.1Stable

moderate

Inflation

4.4Improving

above target

Labor

2.6Stable

softening

Monetary

5.0Worsening

neutral

External

2.7Stable

vulnerable

Fiscal

4.8Stable

neutral

Key indicators

Cross-country comparable indicators with 5-year micro history. Latest bar in gold; missing indicators render with a baseline.

New Zealand GDP YoY

3.01%

New Zealand CPI YoY

3.71%

New Zealand unemployment

5.60%

RBNZ official cash rate

2.75%

New Zealand 10y government bond yield

4.94%

New Zealand Current account % GDP

-3.26% of GDP

New Zealand Government debt % GDP

54.70% of GDP

New Zealand Fiscal balance % GDP

-4.00% of GDP

Upcoming Events

Scheduled releases in the next 60 days. Click an event title to open the indicator detail when available.

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