Economic analysis for Auckland
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 December. GDP growth has dropped considerably in Auckland city since the year ended December 2007 and is below an immigration fuelled peak in 2002.
Investment intentions (Buildings)
This graph shows whether the net percentage of respondent businesses in Auckland city that 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, although have become less negative in the last quarter.
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 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 and a drop in fuel prices have reversed this trend in the last two quarters.
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 increased in the last quarter due to a drop in the number of departures.
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. Although it has risen slightly in the last month, it is well below its level in March 2008.
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. In the most recent quarter, sales have actually declined, which has not been seen since the end of 1999.
Published May 2009
