New Zealanders are out exploring the world again, in large numbers. Those travels are easy to see, with scores of young Kiwis documenting their overseas trips across social media. Principal Economist, Brad Olsen, asks the question – how many Kiwis are travelling, and where’s the most popular spot? Read

In this article Principal Consultant, Rob Heyes, looks how households have fared with recent cost-of-living pressures. For many households, income growth has kept pace with cost increases. But there’s evidence that increasing numbers of households have been facing economic hardship since the start of the pandemic and are likely to continue to do so for the rest of this year at least. Read

Principal Economist, Brad Olsen, examines rising local government costs. With expectations that rates rises in 2024 will be the largest since local council reforms in 1989... Read

The government’s plans to fully deliver its promised tax cuts at next month’s budget must be in doubt, as the economy falters and the fiscal position continues to get squeezed. Compared to the government’s 2023 Budget, the deficit is tracking to be $1.8b larger than forecast. Read

Economic pressures are getting real for people this year, as higher mortgage rates continue to suck more money out of household budgets, and a swathe of recent job losses undermine income security. Infometrics’ latest economic forecasts show annual GDP and private consumption spending growth briefly... Read

Renters across New Zealand are feeling the squeeze as annual new rentals inflation reaches 5.1%pa. Excluding the mid-2022 peak, annual average rental inflation over the year to February 2024 is at its fastest rate since this series began in 2008. Read

High inflation in recent years has prompted much discussion about how households are adjusting their spending to cope. Although wages have been increasing too, meaning that households can also afford more, we haven’t had a clear idea of the changing preferences and priorities that dictate what households are spending more or less on. Read

Electric vehicle (EV) uptake in New Zealand has been accelerating over the last few years. Uptake was helped along with financial incentives including the Clean Car Discount scheme and the exemption of EVs from paying road user charges (RUC). With the discount scheme gone and EV owners about to start paying RUC, the trajectory is likely to change. Read

We are excited to launch an expansion of our Quarterly Economic Monitor (QEM) to provide a broader perspective on the prosperity of New Zealand’s communities. In this article, we introduce and explore the 13 new indicators which reflect economic, labour, social, and housing outcomes at a local level. Read

Migration has become a hot topic over the last year, with a record high net migration gain. This large inflow of people into New Zealand has seen the population increase by 145,000 people once births and deaths are accounted for – slightly more than adding an additional Dunedin over the last year. Read