INDEPENDENT NEWS

RBNZ MPS: Summary Of Economic Projections

Published: Wed 20 Nov 2002 02:33 PM
Table C
Summary of economic projections
(Annual percentage change, unless specified otherwise)
:::Actuals :::Projections
March year:::1996:::1997:::1998:::1999:::2000:::2001:::2002:::2003:::2004:::2005
Price measures
CPI*:::2.1:::2.0:::1.7:::1.0:::1.7:::3.1:::2.6:::2 1/4:::2:::2 1/4
Labour costs:::1.9:::2.0:::1.9:::1.6:::1.4:::1.6:::2.1:::2:::2:::1 3/4
Import prices (in New Zealand dollars) :::-1.3:::-4.6:::2.9:::2.7:::11.2:::7.4:::-2.9:::-5:::2:::1 3/4
Export prices (in New Zealand dollars) :::-3.5:::-6.3:::4.2:::-0.6:::9.9:::20.6:::-3.5:::-111/2:::-2 1/4:::3
Monetary conditions
90-day rate (year average):::8.8:::9.0:::8.0:::6.2:::5.2:::6.6:::5.4:::6:::6:::6
TWI (year average):::62.2:::66.4:::64.4:::57.3:::56.1:::50.4:::50.3:::55:::563/4:::57
Output
GDP (production, annual average % change):::4.1:::3.5:::1.4:::0.4:::4.9:::2.5:::3.3:::4 1/4:::2 1/2:::2 1/2
GDP (production, March qtr to March qtr):::4.1:::2.1:::0.0:::2.4:::6.1:::0.7:::4.1:::4:::2 1/2:::2 1/2
Output gap (% of potential GDP, year average):::1.7:::1.6:::0.2:::-1.8:::0.5:::0.3:::0.5:::1 1/2:::3/4::: 1/4
Labour market
Total employment:::4.4:::1.2:::0.0:::0.6:::1.4:::2.3:::3.5:::2:::1 1/2:::1 1/4
Unemployment rate (March qtr, s.a.):::6.2:::6.5:::7.2:::7.2:::6.3:::5.4:::5.3:::5:::5:::5
Trend labour productivity (annual % change):::0.7:::1.0:::1.3:::1.5:::1.4:::1.3:::1.3:::1 1/4:::1 1/4:::1 1/4
Key balances
Government operating balance (% of GDP, year to June):::3.5:::1.9:::2.5:::1.7:::1.3:::1.2:::2:::1 3/4:::2 1/4:::3
Current account balance (% of GDP, year to March):::-5.6:::-6.1:::-5.5:::-4.1:::-6.6:::-4.6:::-2.1:::-3 1/4:::-4:::-4 1/4
Terms of trade (annual average % change):::-2.2:::-0.8:::-1.0:::-0.4:::-0.2:::4.4:::4.1:::-4 1/2:::-4 3/4:::- 1/4
Household savings rate :::-3.5:::-2.5:::-4.5:::-4.2:::-5.2:::-3.7:::-2 1/4:::-4:::-4:::-4 1/4
(% of disposable income, year to March)
World economy
World GDP (annual average % change):::3.9:::4.2:::3.5:::1.9:::4.4:::3.5:::1.1:::2 3/4:::3 1/4:::3 1/2
World CPI inflation:::2.6:::2.2:::2.4:::0.9:::2.0:::2.8:::1.1:::2:::1 3/4:::2
s.a. = :::seasonally adjusted
*:::This series is annual CPIX inflation until the June 1999 quarter, and annual CPI inflation thereafter (adjusted by Statistics New
:::Zealand to exclude interest and section prices from the September 1999 quarter to the June 2000 quarter)

Next in Business, Science, and Tech

North American Touch Downs Make Auckland Airport Most Connected In Australasia
By: Auckland Airport
Monetary Conditions Tighten By More And Sooner
By: Reserve Bank
The Download Weekly - Vodafone FibreX back in court
By: Digitl
Kiwibank Savers To Benefit From Higher Returns Following OCR Rise
By: Kiwibank
Fonterra Provides 2022/23 Opening Forecast Farmgate Milk Price & Business Performance Update
By: Fonterra
Quiet Start For Retail In 2022
By: Statistics New Zealand
View as: DESKTOP | MOBILE © Scoop Media