The NZ economy expanded by 0.5% q/q in Q1, in line with consensus expectations and is a more modest pace of growth than the 0.6% pace recorded in Q4 and the strong rates of growth seen since 2014 (0.9% q/q on average), according to Liz Kendall, Senior Economist at ANZ. Key Quotes “Annual growth moderated from 2.9% y/y to 2.7% y/y.” “Economic momentum continues to slow gradually, consistent with recent lacklustre data flow. The underlying picture is weaker than the headline suggests. In per capita terms, GDP has stalled, at 0.0% q/q (0.6% y/y).” “On the production side, 13 of the 16 industries recorded stronger levels of activity.” “Expenditure GDP rose a more modest 0.3% q/q.” “Consumption was flat in the quarter (3.8% y/y), despite strong population growth.” “Gross fixed capital investment increased 0.7% q/q (3.9% y/y).” “Nominal GDP fell 0.4% q/q, but is running at 6.0% annually. Real gross national disposable income rose 0.1% q/q (3.4% y/y) pace.” “We don’t think the cycle is out in the cold just yet. The economy is in the midst of headwinds, but it is also flexible and resilient.” “It is fair to say that downside risks to the outlook have increased a little of late. And with the economy expected to grow around trend, this is of particular relevance for the RBNZ.” FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street FXStreet News share Read Next China: Activity indicators weaken in May, trade concerns rising – NAB FX Street 3 years The NZ economy expanded by 0.5% q/q in Q1, in line with consensus expectations and is a more modest pace of growth than the 0.6% pace recorded in Q4 and the strong rates of growth seen since 2014 (0.9% q/q on average), according to Liz Kendall, Senior Economist at ANZ. Key Quotes "Annual growth moderated from 2.9% y/y to 2.7% y/y." "Economic momentum continues to slow gradually, consistent with recent lacklustre data flow. The underlying picture is weaker than the headline suggests. In per capita terms, GDP has stalled, at 0.0% q/q (0.6% y/y)." "On the production side, 13 of… Top Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.
