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Monthly Economic Indicators - February 2013
Monthly Economic Indicators - February 2013
Please find attached a copy of the February
Monthly Economic Indicators (MEI). The report provides a
summary of recent economic events.
•
Domestic demand is looking more positive, especially
compared to other advanced economies. This contributed to an
increase in the NZ dollar.
• Retail trade volumes surged in the December quarter, helped by a seasonal rise in fuel sales, falling imported durable goods prices and rising housing activity.
• The labour market appears weaker than anticipated, although the consequences for economy-wide hours, earnings and tax are not as significant.
• The global outlook has continued to improve, although this trend is not universal.
Monthly_Eonomic_Indicators__February_2013.pdf
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