Economic statistics from March 2023 onwards will be affected by recent weather events according to a report released by Stats NZ today.
The adverse weather and resulting flooding in the North Island has impacted significantly on many people across Aotearoa. Our thoughts are with everyone affected and we acknowledge, along with COVID-19, it continues to be a challenging time.
Impacts of cyclones and flooding on economic statistics in Aotearoa New Zealand: Conceptual and measurement methods, 2023 discusses current impacts on collections, potential impact on methods, and provides background regional data for affected areas.
“We know that our customers make important decisions using our insights and statistics. The cyclones and flooding have affected the economy through disruption to economic activity and loss of assets,” general manager economic and environment insights, Jason Attewell said.
“People and communities have been affected too and our thoughts are with them.”
“The focus of this report is to help those involved in forecasting, and others who wish to understand how adverse weather has impacted the New Zealand economy,” Attewell said. “We appreciate and thank our customers who provided input and feedback about what information they need.”
The specific impacts of Cyclones Hale and Gabrielle are expected to be seen in results from the March 2023 quarter. Effects on data or collection will be explained alongside relevant statistical releases.
The paper is primarily concerned with the impact recent weather events have had on our survey collections and what that means for the data we’ll publish. To have your say on future data needs and priorities please see Measuring an inclusive and sustainable economy.
