Monthly Economic Indicators June 2015

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 GDP was weaker than expected and more recent indicators point to slower growth over the coming year, although underlying growth drivers remain intact

• The Reserve Bank reduced the Official Cash Rate to 3.25% on lower terms of trade and a weakening inflation outlook

• Risks associated with Greece continue to build while international developments elsewhere were generally positive

This month’s special topic looks at : International Tourism Developments and Travel Services Exports

Read more at: http://www.treasury.govt.nz/economy/mei/jun15

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