'Construction work done' in the April to June quarter comes in at up 0.8% q/q against the median estimate of +2.9%
- Q1 revised lower o 0.8% q/q (from 0.9%)
The NZ economy is in a bit of a funk (by its standards at least), reflected in sliding business confidence.
The data today, although a headline miss still showing building work at high level.
Stats NZ graph:
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After the data, NZD down just a few tics
