October 2012 Monthly Economic Indicatiors

Treasury release: October 2012 Monthly Economic Indicatiors (MEI)

The October Monthly Economic Indicators (MEI) was published on the Treasury Website today at 2.00pm. The report provides a summary of recent economic events.

• The pace of growth is expected to slow in the second half of 2012, following a solid start to the yearstart to the year...
• ...adding downside risk to Budget 2012 quarterly forecasts...
• ...but medium-term outlook still positive, driven by Canterbury rebuild and terms of trade
• The global picture remains soft, with risks skewed to the downside

Read more at: http://www.treasury.govt.nz/economy/mei/oct12

ENDS

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