Podcast Appearances
But 0.6%, still pretty solid, you know, annualised pace, what, 2.5%-ish, something like that.
So not too bad.
Now, it also fits with some other indicators or other
predictions for q4 numbers the reserve bank in particular has that kiwi gdp indicator it's sitting at about 0.6 so yeah it looks like looks like we'll have a decent number for q4 gdp which will be out i'm not sure when about another month or something i guess kind of mid to late march
So, yeah, I think you look at that number and you say, you know, recovery's here.
It looks like we have two quarters of GDP increase in a row.
So that's, you know, a much more encouraging sign.
Still a bit of caution, as I say, but it does start to look a little bit better.
And then, yeah, net migration turning around as well.
So in the year to December, 12 months, adding it up over that 12-month period, rolling total about 14,200, just short of that in terms of net migration into the country in that 12-month period.
Still below the average is sort of 30,000, 31,000.
So we're still a fair bit below that.
But that 14,000 number is the highest we've had for I think about 11 months.
So yeah, it does look like it's turning around a little bit.
And a two-way thing as well.
It looks like arrivals of non-citizens or basically kind of new migrants to the country that started to pick up.
As well as at the same time, New Zealand citizen departures seem to have just slowed a little bit as well.
So it's that sort of double whammy thing.
And I guess, you know, you always tend to have new migrant arrivals.
I suppose the thing that might give people a bit more encouragement is if we see those resident departures slowing down because it's been that big theme for a while of, you know, young New Zealanders heading off overseas.