An overview of the Auckland economy for June 2023, in charts and graphs and with some commentary.

Highlights this month include:

• real* GDP annual growth for the year ended March 2023 was 3.4%, similar to the 12-year average;
• real* retail sales annual growth for the year ended March 2023 was 2.0%, similar to the two years before Covid but below the 12-year average;
• unemployment rate in March 2023 quarter was 3.4%, similar to all of 2022 and the lowest ever March rate;
• number employed in March 2023 quarter was 4.1% higher than March 2022;
• dwellings consented in the year ended April 2023 was 20,029 - 7% lower than year ended April 2022, and continuing the downtrend since September;
• non-residential consents for year ended April 2023 was $2,927 million in real* dollars - slightly below all of 2022, but similar to the three-year average;
• other measures covered: house prices and numbers sold, weekly rents, business and consumer confidence, consumer spending, GDP, retail sales, building consents, employment and unemployment.

*Note: real dollars are after adjusting for the effects of inflation each quarter.

June 2023.

Previous 2023 updates. There is no January 2023 update.

February

March

April

May

Selected 2022 updates

November

December