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Monthly Economic Indicators report for March 2018

Monthly Economic Indicators report for March 2018

The Treasury has published its Monthly Economic Indicators report for March 2018. The report can be found here: http://bit.ly/2GRLS9G

Key points:

• GDP grew 0.6% in the December quarter, with solid growth in private consumption and business investment, met by growth in imports.
• Early indicators for the March quarter suggest consumption growth is likely to continue to support GDP growth.
• Changes to the PTA introduce a requirement for the RBNZ to consider employment in setting monetary policy.
• Global growth remains strong although rising trade tensions present a risk to growth.

This month’s MEI includes two special topics:

• a summary of our recent business talks
• introduction of our new macroeconomic forecasting model

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