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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.


ENDS

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