NZ monthly economic data indicators and report from the government
The very brief summary:
- Solid retail sales growth to underpin private consumption growth in the June quarter
- RBNZ left the OCR at 1.75% in August and forecast no change until 2020
- Less support for growth from easing net migration inflows and declining commodity prices
- Global growth remains solid but rising trade tensions are a threat
In the report Treasury kept to its 0.7% GDP forecast for the second quarter, Treasury looking for continued support for the economy from domestic consumption (in a nutshell)
Full text is here:
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Earlier post on the NZ economy (and hence the tongue in cheek headline to this one):
