Wages in Manufacturing in New Zealand increased to 31.02 NZD/Hour in the third quarter of 2019 from 30.68 NZD/Hour in the second quarter of 2019. Wages in Manufacturing in New Zealand averaged 20.26 NZD/Hour from 1989 until 2019, reaching an all time high of 31.02 NZD/Hour in the third quarter of 2019 and a record low of 12.44 NZD/Hour in the second quarter of 1989. source: Statistics New Zealand

Wages in Manufacturing in New Zealand is expected to be 32.00 NZD/Hour by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Wages in Manufacturing in New Zealand to stand at 32.00 in 12 months time. In the long-term, the New Zealand Average Hourly Wages in Manufacturing is projected to trend around 34.00 NZD/Hour in 2020, according to our econometric models.

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New Zealand Average Hourly Wages in Manufacturing

Actual Previous Highest Lowest Dates Unit Frequency
31.02 30.68 31.02 12.44 1989 - 2019 NZD/Hour Quarterly
Current Prices, NSA
New Zealand Labour Last Previous Highest Lowest Unit
Unemployment Rate 4.20 3.90 11.20 3.30 percent [+]
Employed Persons 2641.00 2635.00 2641.00 1499.00 Thousand [+]
Unemployed Persons 115.00 108.00 189.00 69.00 Thousand [+]
Employment Change 0.20 0.80 2.50 -1.80 percent [+]
Labor Force Participation Rate 70.40 70.30 70.90 63.00 percent [+]
Labour Costs 1202.00 1193.00 1202.00 699.62 points [+]
Productivity 128.24 126.60 128.24 86.54 points [+]
Job Vacancies 193.10 192.54 196.57 55.20 points [+]
Wages 32.71 32.42 32.71 13.07 NZD/Hour [+]
Wages in Manufacturing 31.02 30.68 31.02 12.44 NZD/Hour [+]
Minimum Wages 17.70 16.50 17.70 10.25 NZD/Hour [+]
Population 4.93 4.84 4.93 2.37 Million [+]
Retirement Age Women 65.00 65.00 65.00 65.00 [+]
Retirement Age Men 65.00 65.00 65.00 65.00 [+]
Youth Unemployment Rate 10.60 10.30 15.30 10.30 percent [+]
Part Time Employment 520.00 537.00 555.00 264.00 Thousand [+]
Employment Rate 67.50 67.50 68.00 56.40 percent [+]
Full Time Employment 2120.00 2147.00 2147.00 1177.00 Thousand [+]