May 2018 Monthly Economic Indicators report

The May 2018 Monthly Economic Indicators report is now available on the Treasury website: http://bit.ly/2Jd9LKE.

Overview:

• The Government’s Budget and the Treasury’s forecasts, released in May, largely met market expectations
• Consumption growth appears to have eased in the March quarter
• The unemployment rate fell to 4.4% in the March quarter, and wage measures were mixed
• The risks are skewed to moderately weaker international growth in 2018 than assumed in BEFU 2018