Monthly Economic Indicators July 2015

The July 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:

• Business sentiment slipped in the June quarter and, along with other indicators, points to growth around trend over the coming year

• Inflation was weak in the June quarter, apart from housing costs and petrol prices, and inflation pressures remain subdued

• Dairy prices fell further in July, pointing to lower terms of trade

• International data were generally positive, but risks around Greece and China were elevated early in the month

This month’s special topic discusses recent risks in Greece and China and the impact any financial crisis arising from those risks might have on the New Zealand economy.

Read more at: http://www.treasury.govt.nz/economy/mei/jul15

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