Treasury Release : Monthly Economic Indicators May 2015

The May 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 employment and retail trade data reveal strong domestic demand at the start of 2015.
• The resurgent Auckland housing market prompts housing policy initiatives from the RBNZ and the Government.
• Inflation expectations appear to have stabilised at a relatively low level, while other inflation indicators suggest inflation will remain low in the near term.

The special Topic this month looks at: Comparing the economic and fiscal outlook - Australia and New Zealand.

This special topic summarises the economic and fiscal outlooks presented in the two Budgets.

Read more at: http://www.treasury.govt.nz/economy/mei/may15

ENDS

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