Westpac analysts are expecting the New Zealand GDP to rise by 0.6% for the June quarter, matching the pace seen in the previous two quarters. Key Quotes “Service sector activity looks to have picked up after a particularly soft patch in the March quarter, while construction, mining and food manufacturing are likely to have eased back.” “Our GDP forecast is slightly above the Reserve Bank’s forecast and at the upper end of market forecasts.” “A result in line with our view is unlikely to move the dial for the RBNZ. We expect no change at the September OCR review, but a further cut in November.” “We expect the annual current account deficit to narrow to at 3.4% of GDP, subject to the impact of annual data revisions. Exports picked up in the quarter while imports were flat.” 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 Canada: Strengthening housing data – TD Securities FX Street 4 years Westpac analysts are expecting the New Zealand GDP to rise by 0.6% for the June quarter, matching the pace seen in the previous two quarters. Key Quotes "Service sector activity looks to have picked up after a particularly soft patch in the March quarter, while construction, mining and food manufacturing are likely to have eased back." "Our GDP forecast is slightly above the Reserve Bank's forecast and at the upper end of market forecasts." "A result in line with our view is unlikely to move the dial for the RBNZ. We expect no change at the September OCR review, but… Regulated 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.
