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Monthly Economics Indicators June 2014

Treasury Release : Monthly Economics Indicators June 2014

The June Monthly Economic Indicators (MEI) was published today on the Treasury Website at 2:00pm. The report provides a summary of recent economic events.

The main points:

• June’s data releases confirmed strong momentum in the economy spilled over into 2014 with real GDP growing by a robust 1% in the March quarter.
• The terms of trade reached fresh 40-year highs in the March quarter, contributing to a sharp narrowing in the annual current account deficit.
• The international economy showed signs that growth has strengthened, while inflation is rising in the major advanced economies apart from Europe.
This month’s special topic looks at the interaction between fiscal and monetary policy.
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