New Zealand’s Treasury is out with its monthly economic indicators report for the month of July, with the key highlights found below.
GDP grew 0.5% in the December quarter.
The annual current account deficit widened to $7.9 billion (2.8% of GDP).
Trade data suggests a rebound in June exports with high commodity prices.
Early indicators for June quarter consumption look soft, and business confidence fell further
The OCR stayed at 1.75%.
Global growth started strong in 2018 though risk around trade are rising.
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