An overview of the Auckland economy for January 2024, in charts and graphs and with some commentary.

Highlights include:

• real* value of imports by seaports for the year ended November 2023 was $32.0 billion, which was 5.4% lower than the year ended November 2022, but 9.3% higher than 5 years ago; for the rest of New Zealand, the figure was $34.7 billion (13.8% lower than a year ago)
• average weekly rent for the month of October 2023 was $671 (2.7% higher than October 2022, but still lower than five years ago); for the rest of New Zealand, the figure was $557 (similar to the last three years)
• number of houses sold for the year ended November 2023 was 19,755 (7% lower than a year prior, but rising for six months in a row)
• median house price for the month of November 2023 was $1,052,000 (6% lower than a year prior, in real* dollars; 29% below the 2021 peak; 5% below seven years ago; slightly above the last several months)
• consumer confidence index in the quarter ended December 2023 was 91.5 (its highest since March 2022, but below the levels of 2009 to 2021).

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

Measures covered: business and consumer confidence, GDP, imports, retail sales, employment and unemployment, house prices and numbers sold, weekly rents, building consents.

December 2023

Previous 2023 updates. There is no January 2023 update.

February

March

April

May

June

July

August

September 

October

November

December

Selected 2022 updates

November

December