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New Zealand Q1 GDP +0.2% q/q (expected +0.1%)

New Zealand Q1 GDP +0.2% q/q (expected +0.1%)

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Eamonn Sheridan
19/06/2024 | 22:45 GMT
  • New Zealand economic growth data for the first quarter of 2024, yes, GROWTH this time!

New Zealand economic growth data for the first quarter of 2024 - a growing economy again, NZ exits recession.

+0.2% q/q

  • expected +0.1%, prior -0.1%

+0.3% y/y

  • expected +0.2%, prior -0.3%

A beat for the q/q and y/y.

NZD/USD popped on the data release:

1 minute candles NZDUSD 20 June 2024 2

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