Auckland economic update March 2023
Source:Auckland Council Research and Evaluation Unit, RIMU
An overview of the Auckland economy for March 2023, in charts and graphs and with some commentary.
Highlights this month include:
- GDP in the year ended December 2022 was 3.1% higher than a year earlier in real* terms – slightly better growth than the rest of New Zealand;
- retail sales for the year ended December 2022 were 3.5% higher than a year earlier in real* terms – the rest of New Zealand saw a fall;
- monthly median house price in January 2023 was $940,000 – 27% lower than a year prior, in real* dollars
- other measures covered: house prices and numbers sold, building consents, weekly rents, employment, unemployment, GDP, retail sales, consumer spending and business and consumer confidence.
*Note: real dollars are after adjusting for the effects of inflation.
Selected 2022 updates
Previous 2023 updates. There is no January 2023 update.