Economics

MeasureIndicatorReporting DatesCurrentPreviousChangeSource
Monetary
Interest Rate - Average 90 Day Bill RateJanuary - December1.98%2.03%-0.05%Reserve Bank of New Zealand
Offical Cash Rate9 Feb - 10 Nov1.75%1.75%
No changeReserve Bank of New Zealand
Trade
Overseas Cargo Exports in ChristchurchDecember - November $688,768,000$526,100,00031%Statistics New Zealand: Exports and Imports
Exchange Rate - US$January - December0.7126

0.7048

1.1%Reserve Bank of New Zealand
Exchange Rate - Trade Weighted Index (TWI)January - December78.5578.120.6%Reserve Bank of New Zealand
Commodity Prices - World Price IndexJanuary - December276.8
277.3-0.1%ANZ Commodity Price Index
Local Economy
Guest Nights - CanterburyOctober 2016 - October 2015419,000398,0005.3%Statistics New Zealand: Accommodation Survey
Performance of Services Index (>50 means expansion; <50 means contraction)December - November54.361.0-11%BNZ-BusinessNZ
Migration - Net Permanent and Long Term Movement in ChristchurchDecember 2016 - December 201544736323%Statistics New Zealand: International Travel and Migration
Building Activity - Number of Building Consents in ChristchurchDecember 2016 - December 2015221381-41%Statistics New Zealand: Building Consents Issued
Building Activity - Value of Building Consents in ChristchurchDecember 2016 - December 2015$128,735,541
$186,812,913

-31%Statistics New Zealand: Building Consents Issued
Real Estate Sales in ChristchurchJanuary 2017 - January 2016318378-16%Real Estate New Zealand Market News
Real Estate Median Price in ChristchurchJanuary 2017 - January 2016$442,500$440,0000.6%Real Estate New Zealand Market News

Quarterly Measures

MeasureUpdatedIndicatorCurrentPreviousSource
February 2017Q4 2016Q3 2016
Residential Dwellings ConsentedStatistics New Zealand
Number- Christchurch659807
Value- Christchurch$239,178,172$274,464,738
Non-Residential Buildings ConsentedStatistics New Zealand
Value- Christchurch$205,314,783$235,169,818
Floor Area (sqm)- Christchurch93,61595,605
EarningsStatistics New Zealand
Ordinary Time Weekly- Canterbury$925.40$925.43
Total (Including Overtime) Weekly- Canterbury$947.70$945.09
Ordinary Time Weekly- New Zealand$966.68$962.37
Total (Including Overtime) Weekly- New Zealand$986.96$981.82
EmploymentStatistics New Zealand
Canterbury Employed (000)344.2335.9
Canterbury Working 4.5Age Population (000)488.8485.5
Canterbury Labour Force Participation Rate (%)73.172.0
Canterbury Unemployment Rate (%)3.73.9
Permanent and Long-Term MigrationStatistics New Zealand
Arrivals- Christchurch2,5502,394
Departures- Christchurch1,049960
Net- Christchurch1,5011,434
Guest Nights(Q3 2016 - Q2 2016)Statistics New Zealand
Domestic Canterbury (000)567543
International Canterbury (000)425451
Total Canterbury (000)992994

Domestic New Zealand (000)4,7774,572

International New Zealand (000)2,9423,160
Total New Zealand (000)7,7197,733
Performance of ServicesStatistics New Zealand
Average Canterbury/Westland >50 means expansion; <50 mean contraction56.155.0BNZ-BusinessNZ
Average New Zealand >50 means expansion; <50 means contraction59.255.3
Performance of Manufacturing
Average Canterbury >50 means expansion; <50 mean contraction52.654.1
Average New Zealand >50 means expansion; <50 means contraction5755.7
Value of Building Work(Q3 2016 - Q2 2016)Statistics New Zealand
Residential Buildings- Canterbury$552,693$529,310
All Buildings- Canterbury$1,199,110$1,157,521
Residential Buildings- New Zealand$3,286,124$3,120,902
All Buildings- New Zealand$5,178,922$4,917,694

People

MeasureUpdatedIndicatorCurrentPreviousSource
PopulationSeptember 201620162015Statistics New Zealand - Subnational Population Estimates
Christchurch (Canterbury)375,000 (600,100)367,800 (586,400)
Waimakariri57,800

56,400
Selwyn56,20052,700
Greater Christchurch489,000476,900
Age Breakdown - Christchurch (Canterbury)September 201620162015Statistics New Zealand - Subnational Population Estimates
Population estimate aged 0-14 years64,000 (108,600)63,600 (107,300)
Population estimate aged 15-39 years137,500 (201,300)132,200 (193,200)
Population estimate aged 40-64 years118,400 (196,600)118,100 (195,200)
Population estimate aged over 65 years55,100 (93,500)54,000 (90,800)
MiscellaneousJanuary 201420132006
Proportion of over 15 years with Post-School qualification33.9% (32.8%)31.5% (29.0%)Statistics New Zealand Census
Number of dwellings, Occupied and Unoccupied.148,794 (236,463)144,708 (202,815)Statistics New Zealand Census

Industry

MeasureUpdatedIndicatorCurrentPreviousChangeSource
Industries by Employment for Christchurch (Canterbury)Feb-1720162015Statistics New Zealand Business Demographic Survey
Agriculture, Forestry and Fishing1,900 (15,100)1,800 (15,200)5.6% (-0.7%)
Mining270 (420)300 (470)-10.0% (-10.6%)
Manufacturing22,900 (35,400)23,100 (35,100)-0.9% (0.9%)
Electricity, Gas, Water and Waste Services1,050 (1,850)1,100 (1,900)-4.5% (-2.6%)
Construction23,000 (31,000)23,800 (31,800)-3.4% (-2.5%)
Wholesale Trade11,900 (14,700)11,700 (14,600)1.7% (0.7%)
Retail Trade21,400 (29,600)20,900 (28,900)2.4% (2.4%)
Accommodation and Food Services13,700 (19,800)13,000 (18,800)5.4% (5.3%)
Transport, Postal and Warehousing9,800 (12,900)9,700 (12,700)1.0% (1.6%)
Information Media and Telecommunications2,950 (3,750)2,850 (3,550)3.5% (5.6%)
Financial and Insurance Services4,700 (5,400)4,350 (5,100)8.0% (5.9%)
Rental, Hiring and Real Estate Services3,400 (4,350)3,200 (4,200)6.3% (3.6%)
Professional, Scientific and Technical Services18,400 (21,500)17,300 (20,400)6.4% (5.4%)
Administrative and Support Services12,700 (14,800)12,200 (14,200)4.1% (4.2%)
Public Administration and Safety8,300 (12,000)8,500 (12,100)-2.4% (-0.8%)
Education and Training15,300 (21,600)15,300 (21,600)0.0% (0.0%)
Health Care and Social Assistance24,100 (30,100)24,900 (30,800)-3.2% (-2.3%)
Arts and Recreation Services3,750 (5,100)3,650 (5,000)2.7% (2.0%)
Other Services7,200 (9,300)7,100 (9,200)1.4% (1.1%)

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