For the second quarter (April to June) of 2018
Comes in at +0.6% q/q and another data point miss for NZ
- expected +1.0%, prior -1.9%
NZD a few tics lower after the data point.
Reuters with a bit more on the results:
- Q2 s/adjusted export volumes +1.1% on previous qtr (Reuters poll +2.3 pct)
- Q2 s/adj import prices +1.7% on previous qtr (Reuters poll +2.0 pct)
- Q2 q2 s/adj export prices +2.4 pct on previous qtr (Reuters poll +3.0 pct)
Later today (0200 GMT) we get New Zealand Treasury's Monthly Economic Indicators, which I reckon are likely to lose some lustre on dramatically falling business confidence
