Auckland city business and economy report 2008
Executive summary |
Past economic performance |
Relative international economic performance |
Economic structure |
Population |
Labour market |
Retail trade and tourism |
Building and property |
Inflation, interest rates and the exchange rate |
Focus on manufacturing |
Focus on Rosebank 2030 |
Economic outlook
| Auckland city in figures |
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Auckland city in figures
Summary statistics
| Indicator |
Period |
Level |
Annual percentage change |
| Auckland city |
Auckland region |
New Zealand |
Auckland city |
Auckland region |
New Zealand |
Population
(usually resident) |
As at June 2007 |
433,200 |
1,394,000 |
4,228,000 |
1.1% |
1.7% |
1.0% |
Employment
(employees and self employed)16 |
As at March 2008 |
348,500 |
699,000 |
2,145,400 |
1.5% |
1.0% |
2.3% |
Unemployment rate
(annual average)17 |
As at March 2008 |
4.2% |
3.8% |
3.6% |
0.4% |
-0.1% |
-0.1% |
| New dwelling consents |
Year ended March 2008 |
1,864 |
6,002 |
24,487 |
8.1% |
-11.3% |
-4.9% |
New non-residential
consents (value) |
Year ended March 2008 |
$499.6m |
$950.7m |
$2,986.7m |
-15.0% |
-450.0% |
9.3% |
| House prices18 |
Year ended March 2008 |
$510,000 |
$437,500 |
$349,000 |
7.8% |
8.7% |
10.5% |
| House sales18 |
Year ended March 2008 |
8,850 |
26,906 |
85,924 |
-23.4% |
-24.4% |
-22.9% |
| Retail sales |
Year ended March 2008 |
$9,029m |
$21,407m |
$65,703m |
3.6% |
2.2% |
5.5% |
Inflation
(CPI national) |
As at March 2008 |
|
|
|
|
|
3.4% |
| Interest rates (OCR)19 |
As at May 2008 |
|
|
8.25% |
|
|
|
Exchange rate
($NZ vs $US)19 |
As at May 2008 |
|
|
0.7769 |
|
|
15.9% |
Source: Statistics New Zealand unless noted.
16 Infometrics estimates.
17 Annual percentage
changes are changes in percentage points.
18 Real Estate
Institute of New Zealand.
19 Reserve Bank of New Zealand.
Published August 2008
