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Antipodean Macro

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ONLY CHARTS #417

NZ hhold inflation expectations, NZ Q3 GDP nowcast, NZ filled jobs, NZ business registrations, US PCE inflation, US consumer spending, Shipping costs, Aus federal budget outcome, Aus resi rents

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Antipodean Macro
Sep 29, 2025
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1. New Zealand household inflation expectations remained elevated in September. Strong food and other essentials’ inflation is likely behind the pick-up.

2. The RBNZ’s latest nowcast for Q3 GDP growth rose a little to +0.7% q/q.

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