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Monthly Economic Indicators August 2016
Treasury Release: Monthly Economic Indicators August 2016
The August 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:
• Solid labour demand drove growth in
aggregate labour earnings, boosting household spending in
the June quarter.
• The upswing in activity
continued in the September quarter, driven by net migration,
tourism and housing demand.
• Despite robust
demand, the inflation outlook remains subdued.
•
Weak import values and a pick-up in key commodity prices
point to a lower current account deficit than
forecast.
This month’s special topic: Why has the current account deficit remained moderate?
Read more at: http://www.treasury.govt.nz/economy/mei/aug16
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