Economic reports archive

A library of previous economic updates and publications.

Weekly Commentary and Interest Rate Outlook

Weekly coverage of recent and upcoming economic and market events.

Weekly Commentary

15 December 2014
8 December 2014
1 December 2014
24 November 2014
17 November 2014

10 November 2014

3 November 2014

28 October 2014

20 October 2014

13 October 2014

6 October 2014

29 September 2014

22 September 2014

15 September 2014

8 September 2014

1 September 2014

25 August 2014

18 August 2014

11 August 2014

4 August 2014

28 July 2014

21 July 2014

14 July 2014

7 July 2014

30 June 2014

23 June 2014

16 June 2014

9 June 2014

3 June 2014

26 May 2014
19 May 2014

12 May 2014

5 May 2014

28 April 2014

22 April 2014

14 April 2014

7 April 2014

31 March 2014

24 March 2014

17 March 2014

10 March 2014

3 March 2014

24 February 2014

17 February 2014

10 February 2014

3 February 2014
28 January 2014
20 January 2014
13 January 2014

16 December 2013

9 December 2013

2 December 2013

25 November 2013

18 November 2013

11 November 2013

4 November 2013
29 October 2013
21 October 2013

14 October 2013

7 October 2013

30 September 2013
23 September 2013
16 September 2013

9 September 2013
2 September 2013
26 August 2013
19 August 2013
12 August 2013
5 August 2013
29 July 2013
22 July 2013
15 July 2013

8 July 2013
1 July 2013
24 June 2013
17 June 2013
10 June 2013
4 June 2013
27 May 2013
20 May 2013
13 May 2013
6 May 2013
29 April 2013
22 April 2013
15 April 2013
8 April 2013
2 April 2013
25 March 2013
18 March 2013
11 March 2013
4 March 2013
25 February 2013
18 February 2013
11 February 2013
4 February 2013
29 January 2013
21 January 2013
14 January 2013

Interest Rate Outlook

8 December 2014
1 December 2014
24 November 2014
17 November 2014

10 November 2014

3 November 2014

28 October 2014

20 October 2014

13 October 2014

29 September 2014

22 September 2014

15 September 2014

8 September 2014

1 September 2014

25 August 2014

19 August 2014

11 August 2014

4 August 2014
28 July 2014

22 July 2014

14 July 2014

7 July 2014

30 June 2014

23 June 2014

16 June 2014

9 June 2014

3 June 2014

26 May 2014

19 May 2014

12 May 2014
5 May 2014

28 April 2014

14 April 2014

7 April 2014

31 March 2014

24 March 2014

17 March 2014

10 March 2014

3 March 2014

24 February 2014

17 February 2014

10 February 2014

3 February 2014

28 January 2014

20 January 2014

13 January 2014

9 December 2013

2 December 2013

25 November 2013

18 November 2013
12 November 2013

4 November 2013

29 October 2013

21 October 2013

14 October 2013

7 October 2013

30 September 2013

16 September 2013

9 September 2013

2 September 2013
26 August 2013
19 August 2013
13 August 2013
5 August 2013
29 July 2013

22 July 2013

15 July 2013
8 July 2013
1 July 2013
25 June 2013
18 June 2013
10 June 2013
4 June 2013
27 May 2013
20 May 2013
13 May 2013
6 May 2013
29 April 2013
22 April 2013
15 April 2013
8 April 2013
25 March 2013
18 March 2013
11 March 2013
4 March 2013
25 February 2013
18 February 2013
11 February 2013
4 February 2013
29 January 2013
21 January 2013
14 January 2013
7 January 2013

Economic Data Reports

Previews and reviews of the latest economic data releases and topical issues.

2013

Firing on (almost) all cylinders - NZ GDP review, Q3 2013 - 19 December 2013
Rewriting history - NZ current account review, Q3 2013 - 18 December 2013
Fortnightly Agri Update - 18 December 2013
North To South - NZ Regional Economic Confidence, Q4 2013 - 18 December 2013
Ship shape - NZ Half-Year Fiscal and Economic Update 2013 - 17 December 2013
Happy Days - Westpac McDermott Miller Consumer Confidence, December 2013 - 16 December 2013
Home Truths: Westpac's monthly analysis of the New Zealand housing market - 13 December 2013
Necessary measures: RBNZ Monetary Policy Statement, Dec 2013 - 12 December 2013
A change of pace - NZ GDP and current account preview, Q3 2013 - 11 December 2013
New Zealand MPS Preview, December 2013 - Straight bat - 5 December 2013
Post-quake rebuild surges ahead - NZ building activity survey, Q3 2013 - 4 December 2013
Fortnightly Agri Update - 4 December 2013
Bursting higher - NZ terms of trade review, Q3 2013 - 2 December 2013
Credit Check - 29 November 2013
The benefits of hindsight: Revisions to boost NZ GDP and current account - 27 November 2013
Fortnightly Agri Update - 20 November 2013
Payback - NZ Retail Sales review, Q3 2013 - 14 November 2013
Home Truths: Westpac's monthly analysis of the New Zealand housing market - 12 November 2013
Two out of three ain't bad - NZ labour market review, Q3 2013 - 6 November 2013
Fortnightly Agri Update - 6 November 2013
Back to work - NZ labour market preview, Q3 2013 - 4 November 2013
Credit Check - 1 November 2013
New Zealand OCR Review, October 2013 - A fickle master - 31 October 2013
NZ October OCR preview - A question of tactics - 23 October 2013
New Zealand's neutral OCR: a moving feast - 22 October 2013
Eye on the horizon - longer-term economic forecasts for New Zealand - 17 October 2013
Twice the price - NZ Consumer Price Index review, Q3 2013 - 16 October 2013
Fortnightly Agri Update - 16 October 2013
Home Truths: Westpac's monthly analysis of the New Zealand housing market - 14 October 2013
Back on track - NZ Consumer Price Index preview, Q3 2013 - 11 October 2013
Another step forward - NZ Quarterly Survey of Business Opinion, Q3 2013 - 8 October 2013
Fortnightly Agri Update - 2 October 2013
Credit Check - 30 September 2013
From the outside looking in - NZ Westpac McDermott Miller Employment Confidence Index, Q3 2013 - 30 September 2013
Sleeping beauty is awake - an update on the NZ tourism sector - 24 September 2013
North To South - Regional Economic Confidence, Q3 2013 - 23 September 2013
On the march - NZ GDP review, Q2 2013 - 19 September 2013
A fonder look back - NZ Current Account review, Q2 2013 - 18 September 2013
Fortnightly Agri Update - 18 September 2013
Home Truths: Westpac's monthly housing market analysis - 16 September 2013
A note of caution - Q3 Westpac McDermott Miller Consumer Confidence Index: 115.4 - 16 September 2013
Dried out - NZ GDP and Current Account preview, Q2 2013 - 13 September 2013
Shine a light - September 2013 Monetary Policy Statement review - 12 September 2013
Taking a back seat - September 2013 Monetary Policy Statement preview - 5 September 2013
NZ Building Work Q2 2013 Review - 4 September 2013
Fortnightly Agri Update - 4 September 2013
First leg of the trifecta - Q2 Terms of trade review 2013 - 2 September 2013
Macroprudential tools: the international experience - 28 August 2013
Fortnightly Agri Update - 21 August 2013
Q2 Retail Sales Review - 14 August 2013
Home Truths: Westpac's monthly housing market analysis - 12 August 2013
Q2 Labour market review - 7 August 2013
Fortnightly Agri Update - 7 August 2013
Q2 Labour market preview - 5 August 2013
Credit Check - 31July 2013
Fortnightly Agri Update - 26 July 2013
OCR Review July 2013 - 25 July 2013
OCR Preview July 2013 - 23 July 2013
Fortnightly Agri Update - 17 July 2013
Q2 CPI Review 2013 - 16 July 2013
Q2 CPI Preview 2013 - 12 July 2013
Q2 QSBO Review 2013 - 9 July 2013
Home Truths - July 2013
Fortnightly Agri Update - 3 July 2013
Q1 GDP Review 2013 - 20 June 2013
Q1 Current account review - 19 June 2013
Fortnightly Agri Update - 19 June 2013
Q1 GDP and current account preview - 14 June 2013
RBNZ MPS Review June 2013 - 13 June 2013
RBNZ MPS Preview June 2013 - 7 June 2013
NZ Building Work Q1 2013 Review - 5 June 2013
Fortnightly Agri Update - 5 June 2013
Q1 Terms of Trade Review 2013 - 31 May 2013
NZ Government Budget 2013 Review - 16 May 2013
Budget 2013 First Impressions - 16 May 2013
Fortnightly Dairy Update - 16 May 2013
Home Truths - May 2013
Q1 Retail Sales Review - 14 May 2013
Budget 2013 preview - 14 May 2013
Q1 Household Labour Force Survey - 9 May 2013
RBNZ May 2013 Financial Stability Report - 8 May 2013
Q1 Labour Cost Index and Quarterly Employment Survey  - 7 May 2013
Official cash rate review - 24 April 2013
Official cash rate preview - 19 April 2013
Q1 Consumer Price Index review - 18 April 2013
Fortnightly Dairy Update - 17 April 2013
Drought, Chinese Mums, and the price of milk - 16 April 2013
Q4 Consumer Price Index preview - 12 April 2013
Home Truths - April 2013
Q1 NZIER Quarterly Survey of Business Opinion - 9 April 2013
Q4 GDP review - 21 March 2013
Home Truths - March 2013
Q4 Current Account Review - 20 March 2013
Fortnightly Dairy Update - 20 March 2013
Where should we build? - 19 March 2013
Q4 GDP and Current Account preview - 18 March 2013
March 2013 MPS Review - 14 March 2013
MPS Preview - 8 March 2013
Tool time - 4 March 2013
Q4 Terms of Trade - 1 March 2013
A season of two halves - 1 March 2013
Credit Check - 28 February 2013
Realities of NZD intervention - 22 February 2013
When rising tides don’t lift all boats - 20 February 2013
Fortnightly Dairy Update - 20 February 2013
Home Truths - February 2013
Q4 Labour Cost Index and Quarterly Employment Survey - 5 February 2013
Q4 Labour Market Preview - 1 February 2013
Credit Check - 31 January 2013
Official cash rate review - 31 January 2013
Q4 Consumer Price Index Review 18 January 2013
Fortnightly Dairy Update - 17 January 2013
Home Truths - January 2013
Q4 NZIER Quarterly Survey of Business Opinion - 15 January 2013
Q4 Consumer Price Index preview - 14 January 2013

2012

Loose impressions - 21 December 2012
Q3 GDP review - 20 December 2012
Q3 Current Account Review - 19 December 2012
Fortnightly Dairy Update - 19 December 2012
Half-Year Fiscal and Economic Update - 18 December 2012
Q3 GDP and Current Account preview - 14 December 2012
Home Truths - December 2012
December MPS Review - 6 December 2012
Q3 Building Work Put in Place - 5 December 2012
Fortnightly Dairy Update - 5 December 2012
Q3 Terms of Trade - 3 December 2012
MPS Preview December 2012 - 29 November 2012
Loose impressions - 23 November 2012
Fortnightly Dairy Update - 21 November 2012
Q3 Retail Sales Review - 14 November 2012
Home Truths - 9 November 2012
Q3 Household Labour Force Survey - 8 November 2012
Q3 Labour Market Preview - 1 November 2012
Credit Check - 31 October 2012
Loose impressions - 31 October 2012
First impressions - 26 October 2012
Official cash rate review - 25 October 2012
No ordinary OCR - 19 October 2012
Q3 Consumer Price Index Review - 19 October 2012
Fortnightly Dairy Update - 17 October 2012
Q3 Consumer Price Index preview - 12 October 2012
Q3 NZIER Quarterly Survey of Business Opinion - 9 October 2012
Home Truths - 8 October 2012
Fortnightly Dairy Update - 3 October 2012
Credit Check - 28 September 2012
Loose impressions - 26 September 2012
Policy Targets Agreement -  20 September 2012
Q2 GDP review -  20 September 2012
Q2 Current Account Review - 19 September 2012
Fortnightly Dairy Update - 19 September 2012
Q2 GDP and Current Account preview - 14 September 2012
September MPS Review - 13 September 2012
Home Truths - 10 September 2012
September MPS Preview - 7 September 2012
Q2 Building Work Put in Place - 3 September 2012
Fortnightly Dairy Update - 5 September 2012
Q2 Terms of Trade - 3 September 2012
Loose Impressions - 29 August 2012
NZ Q2 real retail sales - 14 August 2012
Q2 Household Labour Force Survey - 9 August 2012
Q2 Labour Cost Index and Quarterly Employment Survey - 7 August 2012
Q2 Labour Market Preview - 3 August 2012
OCR Review - 26 July 2012
Loose impressions - 20 July 2012
OCR Preview July 2012 - 19 July 2012
Q2 Consumer Price Index Review - 17 July 2012
Q2 Consumer Price Index Preview  - 11 July 2012
Q2 NZIER Quarterly Survey of Business Opinion - 10 July 2012
Loose impressions - 5 July 2012
Eurogeddon - 3 July 2012
New man at the helm - 26 June 2012
Q1 GDP review - 21 June 2012
Q1 Current Account Deficit - 20 June 2012
Q1 GDP and Current Account preview - 15 June 2012
June MPS Review - 14 June 2012
Q1 Building work put in place - 6 June 2012
June OCR Preview - 6 June 2012
Q1 Terms of Trade - 1 June 2012
Budget 2012 review - 24 May 2012
Budget 2012 preview - 18 May 2012
Q1 Retail Sales Review - 14 May 2012
Q1 Household Labour Force Survey - 3 May 2012
Q1 Labour Market review - 1 May 2012
OCR Review - April 2012
Q1 Labour Market preview - 27 April 2012
Official Cash Rate Preview - 20 April 2012
Q1 Consumer Price Index Review - 19 April 2012
Q1 Consumer Price Index Preview - 13 April 2012
Q1 NZIER Quarterly Survey of Business Opinion - 11 April 2012
Q4 GDP Review - 22 March 2012
Q4 Current Account Review - 21 March 2012
Three points of a triangle - 19 March 2012
Q4 GDP Preview - 16 March 2012
Q4 Current Account Preview - 15 March 2012
MPS (March) Review - 8 March 2012
Q4 Building work put in place
- 5 March 2012
MPS (March) Preview - 5 March 2012
Q4 Terms of Trade - 1 March 2012
Q4 Retail Sales Review - 15 February 2012
Q4 Household Labour Force Survey  - 9 February 2012
Q4 Labour Cost Index and Quaterly Employment Survey - 7 February 2012
Q4 Labour Market Preview - 2 February 2012
Changing the watch - 1 February 2012
Official Cash Rate Review - 26 Janurary 2012
Official Cash Rate Preview - 23 January 2012
Q4 Consumer Price Index Review - 19 January 2012
Q4 NZIER Quarterly Survey of Business Opinion - 17 January 2012
Q4 Consumer Price Index Preview - 12 January 2012

Q3 Consumer Price Index preview - 12 October
Annual inflation is expected to briefly dip below 1%, but the disinflationary forces of the last year or so are fading.

2011

Q3 GDP Review - 27 December 2011
Q3 Current Account - 21 December 2011
Q3 GDP Preview - 16 December 2011
Q3 Current Account Preview - 15 December 2011
NZD_AUD Model Update - 9 December 2011
Q4 MPS Review - 8 December 2011
Q4 MPS Preview - 2 December 2011
Q3 Terms of Trade - 1 December 2011
Q3 Real Retail Sales - 14 November 2011
Q3 HLFS Review - 3 November 2011
Q3 Employment Review - 1 November 2011
OCR Review October - 27 October 2011
Pre-Election Economic Update - 25 October 2011
Q3 CPI Review - 25 October 2011
Q3 CPI Preview - 18 October 2011
Q3 NZIER QSBO - 4 October 2011
Q3 Employment Preview - 23 September
Q2 GDP Review - 22 September 2011
Q2 Current Account Deficit - 21 September 2011
Q2 GDP Preview - 19 September 2011
Q3 MPS Review - 15 September 2011
Q2 Current Account Preview - 14 September 2011
Q3 MPS Preview - 8 September 2011
Q2 Terms of Trade - 1 September 2011
National Employment indicator - 30 August 2011
Q2 Retail Sales - 25 August 2011

RBNZ on hold - 10 August 2011
Q2 HLFS Review - 4 August 2011
Q2 LCI QES Review - 2 August 2011
Q2 Labour Market Preview - 29 July 2011
Q2 OCR Review - 28 July 2011
Q2 CPI Review - 18 July 2011
Q1 GDP Review - 14 July 2011
Q1 GDP Preview - 5 July 2011
Q1 Current Account Review - 22 June 2011
Q1 Current Account Preview - 17 June 2011
Q1 Retail Sales - 15 June 2011
Q2 MPS Review 2011 - 9 June 2011
Q2 MPS Preview - 7 June 2011
Terms of Trade - 1 June 2011
NZ Budget 2011 - 19 May 2011
NZ Budget 2011 Preview - 12 May 2011
Q1 HLFS Review - 5 May 2011
Q1 Labour market Preview - 29 April 2011
Q2 OCR Preview - 26 April 2011
Q1 CPI Review - 18 April 2011
Q1 QSBO Review
- 13 April 2011
Q1 MPS Review - 10 March 2011
Q1 MPS Preview - 4 March 2011
Q4 Terms of Trade Review - 28 February 2011
Q4 Retail Sales Review
- 14 February 2011
Q4 labour market review - 3 February 2011
Q4 labour market preview - 28 January 2011
Q4 CPI Review
- 20 January 2011
Q4 CPI Preview
- 13 January 2011
Q4 QSBO Review
- 11 January 2011

Economic Overview

Quarterly publication providing an in-depth economic outlook, topical issues and forecasts.

November 2014
August 2014

May 2014

February 2014

November 2013

August 2013

May 2013

February 2013
November 2012
August 2012
May 2012
February 2012
November 2011
July 2011
April 2011
January 2011

Retail Outlook

Quarterly focus on retail developments, trends and outlook.

November 2011
August 2011
May 2011
January 2011

AgriBiz

Quarterly focus on rural developments, trends and outlook.

January 2013
October 2012
July 2012
April 2012
January 2012
October 2011

June 2011
March 2011
December 2010

 

All opinions, statements and analysis expressed are based on information current at the time of writing from sources which Westpac believes to be authentic and reliable. Westpac issues no invitation to anyone to rely on this information current t time of writing and intends by this statement to exclude liability, to the extent permitted by law, for any such opinion, statement and analysis. The content of this material is a guide only. It does not take into account your personal financial situation and goals. You should obtain independent professional advice.