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Key events, in time order
The survey showed softer activity expectations as oil prices rose during the month, while inflation gauges stayed broadly steady.
Stats NZ’s latest goods-trade release points to a smaller monthly deficit and a wider annual gap, a key read-through for the NZD and domestic demand.
Stats NZ’s latest external accounts show a smaller-than-expected quarterly deficit and a lower net international liability position, easing pressure on New Zealand’s external balance.
The survey points to a modestly firmer services backdrop, but weak employment and sales sub-indexes keep the recovery fragile.
The August reading marked a 14th straight month of expansion, but order growth and output cooled from July.
Stats NZ said sales volumes turned negative quarter on quarter as household demand cooled in a high-rate environment.
Monthly trade swung sharply from a NZ$23 million surplus, with imports climbing to NZ$9.34 billion and the 12-month deficit widening to NZ$5.236 billion.
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Cases AI-clustered from trusted X authors over 2 weeks; counts are distinct authors. Volume does not predict direction · Not investment advice
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