New Zealand Q2 GDP: 0.5% q/q (expected 0.4%)

April to June economic growth data from NZ.

0.5 % q/q

• expected 0.4% q/q, prior 0.6%

2.1 % y/y

• expected 2.0% y/y, prior 2.5%

Do bear in mind its mid-September, so this is very much rear-view mirror stuff. Still, a beat is a beat!

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Background:

• New Zealand GDP data for Q2 due soon - preview