Wages in Manufacturing in New Zealand increased to 31.34 NZD/Hour in the second quarter of 2020 from 31.23 NZD/Hour in the first quarter of 2020.

Wages in Manufacturing in New Zealand averaged 20.52 NZD/Hour from 1989 until 2020, reaching an all time high of 31.34 NZD/Hour in the second quarter of 2020 and a record low of 12.44 NZD/Hour in the second quarter of 1989. This page provides - New Zealand Total Quarterly Wages in Manufacturing - actual values, historical data, forecast, chart, statistics, economic calendar and news. New Zealand Average Hourly Wages in Manufacturing - values, historical data and charts - was last updated on October of 2020. 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 34.00 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 2021, according to our econometric models.

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New Zealand Average Hourly Wages in Manufacturing

Actual Previous Highest Lowest Dates Unit Frequency
31.34 31.23 31.34 12.44 1989 - 2020 NZD/Hour Quarterly
Current Prices, NSA

New Zealand Labour Last Previous Highest Lowest Unit
Unemployment Rate 4.00 4.20 11.20 3.30 percent [+]
Employed Persons 2665.00 2661.00 2665.00 1499.00 Thousand [+]
Unemployed Persons 111.00 116.00 189.00 69.00 Thousand [+]
Employment Change -0.40 1.00 2.50 -1.80 percent [+]
Labor Force Participation Rate 69.70 70.50 70.90 63.00 percent [+]
Labour Costs 1218.00 1215.00 1218.00 699.62 points [+]
Productivity 113.55 125.77 128.24 86.54 points [+]
Job Vacancies 102.84 171.86 196.57 55.20 points [+]
Wages 33.37 33.20 33.37 13.07 NZD/Hour [+]
Wages in Manufacturing 31.34 31.23 31.34 12.44 NZD/Hour [+]
Minimum Wages 18.90 17.70 18.90 10.25 NZD/Hour [+]
Population 4.95 4.88 4.95 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 [+]
Full Time Employment 2133.00 2131.00 2147.00 1177.00 Thousand [+]
Part Time Employment 538.00 530.00 555.00 264.00 Thousand [+]
Employment Rate 67.50 67.30 68.00 56.40 percent [+]
Youth Unemployment Rate 14.00 11.70 15.30 10.30 percent [+]