Treasury Release: Monthly Economic Indicators July 2016

Treasury Release: Monthly Economic Indicators July 2016

The July 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:

• Key economic data releases in July point to stronger economic growth in the June quarter than expected in the Budget Economic and Fiscal Update.

• Business surveys point to robust economic activity, supported by stronger-than-expected export volumes and consumer spending

• Weak underlying price pressures despite domestic strength

• Global financial markets stabilised in July but the economic outlook is slightly weaker

This month’s special topic: Implications of the Revised Household Labour Force Survey for the Economic Outlook

Read more at: http://www.treasury.govt.nz/economy/mei/jul16

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