June Monthly Economic Indicatiors (MEI)
The June Monthly Economic Indicators (MEI) was published on the Treasury Website today at 2.00pm. The report provides a summary of recent economic events.
Real GDP fell by 0.3% in the March 2008 quarter
• Terms of trade boosted further by higher export prices for dairy products
• Current account deficit reduces only slightly despite terms of trade boost
• Real GDP growth to stay subdued in 2008 as household spending remains weak and due to the lingering impact of the drought
Read more at: http://www.treasury.govt.nz/economy/mei/latest
NB: Go Ctrl + F5 to force your browser to reload the page if you see the May 2008 MEI instead of June 2008.