HiFX Data Update - NZ Q2 GDP Release

Thursday, 20 September 2018, 11:09 am
Press Release: HiFX

The NZ GDP for Q2 has just been released.

The GDP for Q2 came stronger than forecast (and as predicted by Prime Minister Jacinda Ardern):

Adjusted GDP Q2/ Annual :

GDP +1.0% / +2.8% Consensus +0.8% / +2.5%

NZ GDP over the last 12 months has increased by 2.7%.

However, previous Y/Y GDP numbers were revised lower by 0.1% t% 2.6%.

Growth was broad-based, with 15 of 16 industries recording higher production. This stands in stark contrast to the dire business confidence figures.

The NZD is a higher in immediate response.

Here is the link to the Statistics NZ for this GDP release:

https://www.stats.govt.nz/news/broad-based-growth-as-gdp-rises-1-percent-in-june-quarter

Current indicative levels are:

NZDUSD 0.6625 / 0.6650
NZDAUD 0.91230 / 0.9155
NZDEUR 0.5675 / 0.5700
NZDGBP 0.5040 / 0.5065
NZDJPY 74.40 / 74.75

ends

© Scoop Media

HiFX

International Payments Expertly Done

HiFX is one of the largest foreign exchange and international payment specialists in the world, managing over $30 billion on behalf of over 100,000 clients worldwide every year.

Large enough to undertake the biggest transactions, yet small enough to care about each and every one – send and receive overseas payments and manage your account anytime, anywhere. HiFX gives you the flexibility you need to transfer money quickly and easily via a secure online platform 24 hours a day, seven days a week - making moving money as easy as 1,2,3.

HiFX Ltd ABN 54 106 779 953/ AFSL No 240914

Contact HiFX

• Website - www.hifx.co.nz
• About - HiFX International Payments
• Link - Live Rates (Interbank Exchange Rates)
• Marketwatch - Latest Market briefings
• Register - Personal Account Setup
• Register - Business Account Setup
• Linkedin
• Facebook