Monthly Economic Indicators September 2015

Treasury Release : Monthly Economic Indicators September 2015

The September Monthly Economic Indicators (MEI) was published today on the Treasury Website at 2:00pm. The report provides a summary of recent economic events.

The main points:

• GDP growth in the June quarter rose a softer than expected 0.4%. The underlying pace of growth slowed markedly over the first half of 2015.

• Treasury expects an around trend pace of growth over the second half of 2015 (i.e. around 0.6% per quarter).

• Further declines in business sentiment and consumer confidence across the September quarter show that risks to the near-term outlook are to the downside.

• That said, monetary conditions have continued to ease and this will support a pick-up in growth further out.

The special topic this month looks at the relationship between mortgage and wholesale interest rates.

Read more at: http://www.treasury.govt.nz/economy/mei/sep15

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