Economic analysis for Auckland

July 2010 | June 2010 | April 2010 | February 2010 | November 2009 | September 2009 | July 2009 | May 2009 | April 2009 | March 2009 | December 2008 | July 2008 | March 2008 | December 2007

Key economic indicator graphs for Auckland city

Residential building consents in Auckland city for new dwellings

This graph shows the number of building consents that have been issued for new buildings in Auckland city. The number of new consents has decreased gradually since 2006, following a peak in 2004. Earlier peaks also occurred in 2002/2003 and 1999/2000.

Non-residential building consents in Auckland city

This graph shows the value of non-residential building consents in Auckland city for consents for new buildings and for the alteration of existing buildings. The value of these has fluctuated over the last decade. The total value has recently risen due to increases in the value of consents for new buildings. In the last quarter the total value has exceeded the 2005/2006 peak.

Annual value of exports through Auckland airport and seaport

This graph shows the annual value of exports that have passed through Auckland airport and seaport. The total value of exports has been gradually increasing since about 2003\2004, with a rapid growth in the latter half of 2007. In the most recent quarter, growth in exports has slowed slightly.

Annual GDP growth

This graph shows Auckland city's annual GDP growth in the year ended in each September. GDP growth has slowed in Auckland city since the immigration fuelled peak in 2003. An earlier peak also occurred in 2000 where GDP growth was nearly 6 per cent.

Investment intentions (Buildings)

This graph shows whether the net percentage of respondent businesses in Auckland city have a greater intention of investing in buildings over the next 12 months compared to the last 12 months. The net percentage of respondents is calculated by subtracting the percentage of the respondents saying "greater" from the percentage that say "less". Building investment intentions have plummeted over the last year and a half. This has been caused by a difficulty to obtain credit and deteriorating business conditions.

Unemployment rate for Auckland city

This graph shows the annual average unemployment rate in Auckland city. It has been increasing over the past few years as growth in the labour force has exceeded growth in employment. The financial crisis has negative implications for unemployment in the short term. Rates remain below levels experienced in the late 1990s.

National inflation

This graph shows New Zealand's inflation rate and is divided into tradable and non-tradable inflation. These have fluctuated over the last decade, particularly tradable inflation. More recently, tradable inflation has sharply increased due to food and fuel costs. However, depressed global demand a drop in fuel prices has reversed this trend in the last few months.

Auckland city migration

This graph shows the overseas annual net migration to Auckland city and is divided into arrivals and departures. Net migration is below a peak in 2003 and has remained relatively stable over the last four years, although it has decreased over the last couple of years due to a faster growth rate in the number of departures than arrivals, although the growth rate in the number of departures is beginning to level off. Net migration is currently above that of ten years ago.

Trade weighted index

This graph shows New Zealand's trade weighted index each month over the last decade. It "is a measure of the value of the New Zealand dollar (NZD) relative to the currencies of New Zealand's major trading partners (Reserve Bank of New Zealand)." The TWI has depreciated sharply of late, in response to the financial crisis abroad.

Retail sales in Auckland city

This graph shows the annual percentage growth in retail sales in the year to each month in Auckland city. Growth has fluctuated over the last decade and is currently below a highpoint in 2004 and a smaller peak in 2007. A low point occurred in 1998 where retail sales were actually declining. A repeat of this is likely as the financial crisis continues to filter through the economy.

Published February 2009