New Zealand Treasury is out with its Monthly Economic Indicators for the month of July, with the key headlines found below.
Mixed messages for growth as labor income continued to grow strongly but retail card spending weakened.
Risks to our growth forecasts are rising as the housing market cools, business confidence weakens, and international trade tensions rise.
Inflation remained subdued, but pressures appear to be gradually increasing.
Strong growth in the US, offset by a weaker outlook for the rest of the world.
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