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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.


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