This article provides readers with the technical details of the Bank's measure of external demand. GDP-12, as it is known, is a summary measure that is used to help gauge trading partner demand for New Zealand's exports. Although GDP-12 is a useful summary measure, there are other external...

This article is an abridged version of a paper prepared for an address to the Canterbury Employers' Chamber of Commerce, on January 27, 2006.1 It examines three major global developments that have occurred in recent years and discusses their impact on the New Zealand economy in terms of their...

The use of microeconomic data sources can provide important insights into how household and firm behaviour influence developments in the economy. This article summarises some of the key features of household surveys produced by Statistics New Zealand, including the Household Economic Survey...

This article reviews our understanding of how export volumes (as opposed to export values) are influenced by the exchange rate and other factors. Recent analysis finds that the real TWI exchange rate has a sizeable effect on export volumes; the low measured elasticity of export volumes needs to...