September 19th, 2024

May 2023 Financial Stability Report

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Debt servicing costs for households have risen significantly from historically low levels during the pandemic, and by the end of the year, the share of disposable income required to service the interest component of mortgage debt is expected to more than double from its recent low of 9% to around 22%.
May 2023 Financial Stability Report
1 year ago

Rising interest rates challenge NZ households and businesses

In the midst of an economic landscape marked by soaring inflation and a tightening labour market, New Zealand's households and businesses are navigating the...

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The significant decrease in fruit and vegetable prices has been a major factor in the overall modest inflation.

Food prices see smallest annual increase since 2018

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Provisional figures indicate that New Zealand saw 229,100 (± 3,500) migrant arrivals in the April 2024 year, marking a 25% increase from the previous year.

Record surge in migrant arrivals and departures for New Zealand in April 2024

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Socioeconomic inequalities in greenhouse gas emissions from household travel in New Zealand

Socioeconomic inequalities in greenhouse gas emissions from household travel in New Zealand

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Auckland region had the largest increase in earnings over the year to March 2024, up to $64.9 billion from $59.6 billion in the March 2023 year.

Total gross earnings in New Zealand up by 8.6% in year to March 2024

Business
The latest census data shows that New Zealand's usually resident population increased by 294,168 people, reaching almost 5 million (4,993,923).

New Zealand sees slower population growth but increased diversity, 2023 Census reveals

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