Monthly Economic Indicators June 2018
Monthly Economic Indicators June 2018
The Treasury
has published its Monthly Economic Indicators report for
June 2018: http://bit.ly/2tQ4xKm
Key points:
• GDP grew 0.5% in the December
quarter
• The annual current account deficit
widened to $7.9 billion (2.8% of GDP)
• Trade
data suggests a rebound in June exports with high commodity
prices
• Early indicators for June quarter
consumption look soft, and business confidence fell
further
• The OCR stayed at 1.75%
•
Global growth started strong in 2018 though risk around
trade are
rising
ends