New Zealand economic 'activity index' -6.5z% y/y in May (prior -19%)
NZ Treasury's new activity indicator for the country's economy.
New Zealand Activity Index (NZAC)
- a composite index that seeks to track movements in the New Zealand economy from month to month
- summarises 8 monthly indicators of economic activity, covering consumer spending, unemployment, job vacancies, traffic volumes, electricity generation, business outlook, and manufacturing activity.