Weekly Digest â€“ 17 February 2022
NZ Moves to Phase 2 of Omicron Plan
The move to Phase Two from 11:59 pm on 15 February means the self-isolation period for cases reduces from 14 days to 10 days and for contacts from 10 days to seven.Â It also means the start of the test-to-return-to-work scheme, which allows critical workers to return to work if they return daily rapid antigen tests.
How to Travel to NZ with the New Self-Isolation Rules
New Zealand is set to open its borders to fully vaccinated travellers from all over the world in five stages in 2022 . Unvaccinated Kiwis can also travel to the country but will have to enter managed isolation and quarantine (MIQ) upon arrival.Â This article provides a step-by-step guide to planning a trip if youâ€™re eligible.
Government Extends Events Transition Support Scheme
The government has extended its insurance scheme to give large-scale events financial certainty for another year.Â Originally due to run until 3 April, the Events Transition Support Scheme will now last until January 2023.
Minimum Wage Hike
New Zealandâ€™s lowest-paid workers will get a minimum-raise in April.Â They will receive $21.20 per hour, while starting-out and training minimum wage will also be hiked to $16.96.Â This wage hike will directly benefit around 300,000 workers.
Home Sales and Prices Ease in January
Median nationwide house values were down 2.2% in January compared to the previous month.Â Meanwhile, the number of residential property sales decreased 28.6% in January, from 5,135 in January 2021 to 3,665.
BNZ Economists: Inflation to Hit 6.6% in Q1
Statistics New Zealand reported that food prices shot up 2.7% in Januaryâ€“ the biggest monthly increase in 5 years.Â This prompted BNZ economists to raise their annual inflation pick for Q1 to 6.6% from 6.4% previously.
Manufacturing Activity Declines in January
The manufacturing sector saw a decline in the level of expansion in January, as the Bank of New Zealand-Business NZâ€™s seasonally adjusted Performance of Manufacturing Index (PMI) dropped to 52.1 from 53.7 in the previous month.
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