The jobless rate rise to 5.3% in the September quarter is the highest since late 2016.
Westpac chief economist Kelly Eckhold acknowledges compelling reasons for meatier October and November rate cuts.
Economists expect another 25bp OCR cut next week, just as business confidence markedly improves in the September quarter.
NZ exports as a proportion of GDP have got worse this century, and if the Govt was to achieve its 10-year goal exports would have to grow at a compound rate of 7% a year.
Senior economists speak with NBR about the state of the global economy and outlook for New Zealand.
Economists suggest the chances of a bigger October rate cut have ‘increased’, amid a subdued economy and inflation retreat.
Stats NZ GDP data show the economy contracted 0.2% in the June quarter, while the March quarter was revised slightly.
Rabobank survey highlights greener pastures for the country's farming sector in positive territory since late 2021.
Food prices rise in year to August, while consumers swipe and spend more after tax and OCR cuts.
Stats NZ data today shows a provisional net migration gain of 67,200 in the year to July, while economists pencil in negative June quarter.