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The Latest Breaking News from Stats NZ

Double dip New Zealand recession confirmed

New Zealand has fulfilled the technical definition of a recession with two quarters of negative GDP growth in the last half of 2023.

AAP

New Zealand's unemployment rises to four per cent

Unemployment in New Zealand was below market expectation at four per cent in the December 2023 quarter.

AAP

New Zealand GDP falls, past recession revealed

New Zealand's economy is again going backwards, falling by 0.3 per cent in the September 2023 quarter.

AAP

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Elderly Māori hard-hit by rising costs as they refinance to help whānau

There's a call for government help for Māori and other communities worst affected by rising food prices and interest rates, reports Jonathan Milne.

Newsroom.co.nz

NZ sharemarket on verge of bear market

Business & investing: The NZX50 has fallen 19.5 percent since January 2021, meaning it is likely to be grizzly this week. Andrew Patterson reports.

Newsroom.co.nz

Inflation drops to 5.6 per cent in New Zealand

Outgoing New Zealand prime minister says a bigger than expected fall in the consumers price index shows his government was tackling inflation.

AAP

Fact checking the final leaders' debate

As Christopher Luxon and Chris Hipkins clashed in the final leaders' debate of the 2023 election campaign, Newsroom confirms both made provably false claims.

Newsroom.co.nz

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Good day/bad day: At your service, and the customer is always right

Our political leaders are getting ahead of Stats NZ's food price index, to be published this week, by serving up their own.

Newsroom.co.nz

A 'hawkish' Reserve Bank rates decision will be bad for borrowers, good for savers

Business & investing: ANZ Bank economists expecting rate rise before year's end, but Kiwibank thinks hikes aren't necessary, writes Andrew Patterson

Newsroom.co.nz

Public sector headcount rises in last pre-election recruitment drive

The public administration and safety sector takes on 2,300 new workers in past month, even as Government and Opposition parties call for restraint. Jonathan Milne reports.

Newsroom.co.nz

Fact check: Did Hipkins and Luxon say anything false?

Newshub's leaders' debate was an hour and a half of fiery politics, but how much of what was said was actually true? Newsroom fact checks the men vying to be our next prime minister.

Newsroom.co.nz

Recession or not, New Zealand GDP growing again

New Zealand enjoyed a return to solid growth in the June quarter, with Stats NZ reporting an 0.9 increase, well beyond market expectations.

AAP

New Zealand set to exit recession with low growth

Market expectation for gross domestic product growth in New Zealand is 0.5 per cent for the second quarter of the year.

AAP

Last spin of the loom: how carpet can salvage NZ's dying wool industry

Kiwi carpet-maker Bremworth will today announce new 10-year supply contracts to provide its farmers certainty – and the agriculture minister wants agencies to look favourably on NZ wool carpets. Jonathan Milne reports.

Newsroom.co.nz

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Capture carbon or cut the concrete on net zero path

Little is made of trying to use less concrete in industry net zero plan, reports Andrew Bevin

Newsroom.co.nz

We are bending the climate curve

Newly-released data shows greenhouse gas emissions continued to fall through 2022, suggesting New Zealand has passed peak climate pollution.

Newsroom.co.nz

Lies, damned lies, and census figures

The problem with assessing census targets now is what we don’t know, argues David Williams.

The New Daily

Floods, cyclone put New Zealand in slender recession

New Zealand experienced a shallow recession after two quarters of negative GDP growth to March 2023, data released by Stats NZ shows.

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AAP

New Zealand on recession knife-edge as GDP data looms

Economists are at odds as to whether New Zealand books a recession when Stats NZ releases first quarter GDP data.

Newsroom.co.nz

Stats NZ scurries to rescue $317m census

The first release of census data has been delayed by two months

Newsroom.co.nz

Budget 2023 won't move dial on R&D 'hole'

The Govt is committed to a target of getting investment to 2% of GDP as a way to “help build a high-skill, knowledge-based and more productive economy”. This is not a Budget to get us there.

Newsroom.co.nz

Push to break up overpriced supermarket duopoly and sell groceries online

The Government's steps to make food prices more internationally competitive won't be enough – it needs to open up the wholesale chain and force supermarkets to sell stores, says a new Westpac NZ report.

Newsroom.co.nz

Scientist pokes holes in water data

Mike Joy says two statistical methods used in a freshwater report are flawed

Newsroom.co.nz

Census turnout low despite $37m blowout

Concerns are being expressed over low returns as the census budget potentially leaps to $300 million.

AAP

Child poverty hurting one in 10 New Zealand kids

The Child Poverty Action Group say New Zealand kids face a bleak future without investment in the poorest households.

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