Monthly Economic Indicators September 2014

The September Monthly Economic Indicators (MEI) was published today on the Treasury website at 3:00pm. The report provides a summary of recent economic events.

The main points:

• The economy continued to expand at a solid pace in the June quarter – rising 0.7% – although growth eased from the above-1% pace in the preceding three quarters.

• The terms of trade declined from their peak in the March quarter, contributing to a fall in nominal GDP and a reduction in the quarterly goods surplus.

• The annual current account deficit narrowed further – to 2.5% of GDP – as the drought-affected quarter in 2013 dropped out of the annual calculation.

• International economic developments continue to point to uneven growth across major economies.

Read more at : http://www.treasury.govt.nz/economy/mei/sep14

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