Investor Presentaiton
New Zealand economic activity.
Demand has remained firm in recent months.
Manufacturing conditions (index) and
Service sector conditions (index)
Residential dwelling consents (annual, total)
Annual total
Index
70
Index
Initial COVID-19
lockdown
Delta
lockdown
70
30000
60
60
25000
20000
50
50
15000
40
40
40
40
30
Service sector conditions
Manufacturing conditions
10000
30
5000
20
2017
2018
2019
2020
2021
2022
Source: BusinessNZ
20
20
0
2004
Source: Stats NZ
Monthly retail spending
$ mil
7000
6000
5000
4000
3000
2000
Total
Core (excl. Fuel)
Jan-19 Jul-19 Jan-20 Jul-20 Jan-21 Jul-21 Jan-22 Jul-22
Source: Stats NZ
119 Westpac Group 2022 Full Year Results Presentation & Investor Discussion Pack
Auckland
Rest of NZ
Economics
Annual total
30000
25000
20000
15000
10000
5000
2007
2010
2013
2016
2019
2022
Job advertisements (index)
Index
Index
$ mil
7000
225
225
200
200
6000
175
175
150
150
5000
125
125
100
100
4000
75
75
50
50
3000
25
25
2000
0
0
2008
2010
2012
2014
2016
2018
2020
2022
Source: MBIE
Westpac GROUPView entire presentation