New Zealand Q2 GDP: +1.0% q/q (expected 0.8%)

Second quarter economic growth data from New Zealand

+1.0% q/q for a solid beat

• expected 0.8% q/q, prior 0.5%

2.8% y/y

• expected 2.5% y/y, prior 2.6%, revised from 2.7%

NZD marked higher

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For background:

• NZD traders - preview of the GDP data due
• Big week coming up for New Zealand - GDP report due
• preview of the NZ Q2 GDP data