This is the final Covid-19 Economy Tracker dashboard update.
When we started the dashboard on 8 April, there was no easy way to track the economy through the Covid-19 health response.
Now that we are in Alert Level 1 most indicators are back to normal, except for flights and lower traffic volumes in Auckland and Wellington due to job losses and working from home (up about 15% from before lockdown). You can see the full dashboard here.
We are still expecting economic weakness due to business failures from the stringent lockdown and the recession proper because of job losses, reduced private sector investment and trade disruptions. But these will unfold over weeks and months, not in the ‘sudden stop-start’ of the health response, which required a more frequent read of the economy.
There are several reliable sources to help you track the economy:
1) Treasury's weekly updates: https://treasury.govt.nz/information-and-services/new-zealand-economy/covid-19-economic-response/commentary
2) MBIE's consumer spending tool: https://mbienz.shinyapps.io/card_spend_covid19/
3) MSD's weekly welfare statistics: https://www.msd.govt.nz/about-msd-and-our-work/publications-resources/statistics/covid-19/index.html
4) Statistics NZ's tool: https://www.stats.govt.nz/experimental/covid-19-data-portal
Thank you for your interest in our dashboard.