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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 half.
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


ENDS

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