The New Zealand Activity Index (NZAC) launched last month has today been updated for June.
Key points to note:
- Activity in June is around 1% down on last year; after falls of 18% and 6% in April and May.
- The continued recovery in June was led by growth in electronic card spending, heavy traffic movements and manufacturing activity, all of which are up on June 2019 levels.
- Most other indicators continued to recover, but are still below last year's levels.
The next update of the NZAC for July activity is scheduled for publication on 14 August.
For more details, you'll find the NZAC first up in this week's Weekly Economic Update.
To access the data, visit the Stats NZ COVID-19 data portal.