Monthly Economic Indicators report for November 2019

Published: Mon 2 Dec 2019 02:50 PM
The Monthly Economic Indicators report for November 2019 is now available on the Treasury website.
Key points:
- Data released over November was fairly mixed, with some pointing to further slowing in GDP growth, and others indicating that growth may be levelling out.
- Employment growth eased in September, and the unemployment rate returned to its start-of-year level (4.2%). The relatively tight labour market is supporting stronger wage growth.
- Growing wages and low interest rates are supporting consumer confidence but households continue to dissave. Businesses remain downbeat but indicators of manufacturing activity are more positive.
- Data from abroad showed ongoing slowing in many major economies at the start of the December quarter.
- Trade tensions continue to seesaw, but have eased over the last month or so.
This month’s special topic summarises findings from talks the Treasury conducted with businesses and other organisations in late September, as an input into the production of the Half Year Economic and Fiscal Update forecasts.

Next in New Zealand politics

Health staff to meet China flights as precautionary measure
By: New Zealand Government
More people getting into work
By: New Zealand Government
Boost in Whānau Ora funding to keep changing lives
By: New Zealand Government
Kaikōura $10.88 million boost in tourism & business
By: New Zealand Government
Plans to protect the future of whitebaiting announced
By: New Zealand Government
New resource for schools on climate change
By: New Zealand Government
Regulations pave way for quality medicinal cannabis
By: New Zealand Government
What the Govt should be doing with coronavirus
By: New Zealand National Party
Government needs to front up on coronavirus
By: New Zealand National Party
Clark must explain why flights from China continue to arrive
By: ACT New Zealand
Protect Our People From 2019-nCoV
By: New Conservative
Science Deadline - This Week in Sci-Tech
By: Science Media Centre
Novel coronavirus detected in China –Expert Reaction
By: Science Media Centre
China Virus Kills 25 and Spreads Internationally
By: Richard S. Ehrlich
Coronavirus: ‘An emergency in China, but not yet global
By: United Nations
View as: DESKTOP | MOBILEWe're in BETA! Send Feedback © Scoop Media