Latest news with #Statistics New Zealand
Bloomberg
2 days ago
- Business
- Bloomberg
New Zealand Concrete Output Hits Fresh Low in Cooling Economy
New Zealand's concrete production slipped to the lowest level in more than 10 years as cooling economic growth and global uncertainty curb home construction and investment in new commercial buildings. Output fell to 3.7 million cubic meters in the 12 months through June, Statistics New Zealand said Tuesday in Wellington. That's down 5.9% from a year earlier and the weakest annual reading since late 2014.
Bloomberg
05-08-2025
- Business
- Bloomberg
New Zealand Jobless Rate Reaches Five-Year High as Economy Slows
New Zealand's jobless rate rose to the highest in almost five years in the second quarter, the latest sign of an economic slowdown that could prompt the central bank to resume interest-rate cuts. Unemployment rose to 5.2% from 5.1% in the first quarter, Statistics New Zealand said Wednesday in Wellington. That's the highest since the third quarter of 2020, though less than economists' estimate of 5.3%. Employment fell 0.1% from the previous three months, matching estimates.
