The NZ GDP for Q2 has just been released.

The GDP for Q2 came stronger than forecast (and as predicted by Prime Minister Jacinda Ardern):

Adjusted GDP Q2/ Annual :

GDP +1.0% / +2.8% Consensus +0.8% / +2.5%

NZ GDP over the last 12 months has increased by 2.7%.

However, previous Y/Y GDP numbers were revised lower by 0.1% t% 2.6%.

Growth was broad-based, with 15 of 16 industries recording higher production. This stands in stark contrast to the dire business confidence figures.

The NZD is a higher in immediate response.

Here is the link to the Statistics NZ for this GDP release:

https://www.stats.govt.nz/news/broad-based-growth-as-gdp-rises-1-percent-in-june-quarter

Current indicative levels are:

NZDUSD 0.6625 / 0.6650
NZDAUD 0.91230 / 0.9155
NZDEUR 0.5675 / 0.5700
NZDGBP 0.5040 / 0.5065
NZDJPY 74.40 / 74.75

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