Unemployment likely to rise, Westpac says after confidence index takes a hit   Westpac has recently forecasted a potential rise in unemployment based on the published confidence index. The Westpac McDermott Miller Employment Confidence Index showed a decline in the third quarter of September. This marks the first negative sentiment towards the labor market since…

New Zealand Records 0.9% Quarterly GDP Growth and 3.2% Annual Growth in June   New Zealand’s economy has witnessed substantial growth in the June quarter. According to data released by the statistics bureau on September 21, the country’s GDP for the June quarter grew by 0.9% compared to the previous quarter, with an annual growth…

Food Price Index rose 8.9% in August year-on-year   Food prices have maintained a significant upward trend for an extended period, but recent data reveals that they increased by 8.9% annually until August. This is seen as a slight stabilization in the market. Over the past few months, staple foods such as eggs, yogurt, and…

Advertised salaries rising at fastest rate in six years amid strong hiring activity   The number of job ads is on the rise for the first time since March, alongside an increase in salaries. The latest Seek NZ Employment Report indicates job ad volumes rose 2.2 percent in August over July, with the number of…