November 2012 Monthly Economic Indicatiors (MEI)
Treasury release: November 2012 Monthly Economic Indicatiors (MEI)
The November Monthly Economic Indicators (MEI) was published on the Treasury Website today at 2.00pm. The report provides a summary of recent economic events.
The economy appears to have slowed in the second
half of the year, following on from a strong first
• September quarter retail sales and labour market data surprised on the downside,
although the underlying picture is not quite as weak as the headline results suggest.
• The slowdown should be temporary, with the December quarter likely to rebound
slightly and indicators pointing to a further pickup in 2013.
• There were positive global developments, but the economic outlook remains weak.
Read more at: http://www.treasury.govt.nz/economy/mei/nov12