Treasury Release: Monthly Economic Indicators June 2016

Treasury Release: Monthly Economic Indicators June 2016

The June 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:

• March quarter real GDP growth was stronger than expected, driven by construction, tourism and services and underpinned by population growth
• The current account deficit narrowed, partly owing to an increase in the terms of trade that also supported nominal GDP growth
• Global market volatility escalated in early June with uncertainty around the speed of US monetary policy normalisation and at the end of the month with the ‘Brexit’ referendum

This month’s special topic : Implications of Brexit for the NZ economy

Read more at: http://www.treasury.govt.nz/economy/mei/jun16

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