SATEN KUMAR
Professor of Economics
Head of School of Economics
Faculty of Business, Economics and Law
Auckland University of Technology
New Zealand
Private Bag 92006
Auckland 1142
New Zealand
Phone: +64 9 921 9999 ext: 5817
Email: skumar@aut.ac.nz
SURVEY DATA & LATEST HIGHLIGHTS
Survey Data on Forecasts of Macroeconomic and Firm-specific Variables
Basic Data Description
Observations: Panel data of 630 firms. Randomly drawn from the population of firms in New Zealand. Sampling framework allows for representation of sectors, subsectors and firm size. Note 2022Q3 data will become available by mid October 2022.
Survey Time Period
Bi-annually: 2019Q3 (630 firms), 2020Q1 (456 firms), 2020Q3 (487 firms), 2021Q1 (317 firms), 2021Q3 (598 firms), 2022Q1 (392 firms)
Forecasts of Inflation, Real GDP Growth and Unemployment Rate
Inflation Real GDP Unemployment
Mean Median Mean Median Mean Median
2019Q3 3.70 3.80 3.35 3.30 5.33 5.30
2020Q1 3.77 3.85 3.27 3.20 5.51 5.60
2020Q3 4.94 5.00 1.31 1.15 3.98 4.00
2021Q1 5.96 6.00 2.22 2.00 3.93 3.90
2021Q3 7.02 7.20 1.92 1.80 3.69 3.70
2022Q1 9.01 9.15 2.33 2.20 3.44 3.40
Note: The reported statistics are based on 250 observations. Forecasts of inflation rate, real GDP growth and unemployment are for 12 months-ahead.
Forecasts of Average Wages, Unit Costs and Prices
Wages Unit Costs Prices
Mean Median Mean Median Mean Median
2019Q3 0.61 0.00 1.33 1.20 1.34 1.20
2020Q1 0.48 0.00 1.54 1.30 1.56 1.20
2020Q3 0.42 0.00 2.34 2.30 2.65 2.50
2021Q1 0.66 0.00 3.59 3.30 4.05 4.00
2021Q3 1.15 0.00 3.92 3.60 4.34 4.00
2022Q1 1.53 1.25 4.33 4.30 4.63 4.50
Note: The reported statistics are based on 250 observations. Forecasts of changes in average wages, unit costs and prices are for 12 months-ahead.
DATA DOWNLOAD
You can download the data from New Zealand Surveys (click)