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

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: