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New Zealand Monthly Economic Indicators for March

New Zealand Treasury's Monthly Economic Indicators for March

In summary:

  • Real GDP grew by a stronger than expected 0.9% in the December quarter. Growth strengthened markedly in the second half of 2015.
  • Growth is expected to moderate in the first half of 2016, as subdued farm incomes weigh on business investment.
  • Lower terms of trade and low inflation dampened nominal GDP, and the terms of trade may fall further as dairy prices declined in early 2016.
  • The annual current account deficit narrowed on the back of growth in export services.

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NZD is little changed, off a tickle or so.

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The MEI is prepared by the Forecasting and Monitoring team at Treasury

The MEI includes a commentary on the major data releases over the previous month and an annex with more detailed charts and source data.

Its useful for an update on developments in the New Zealand economy.

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.


The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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