Monthly Economic Indicators June 2018

The Treasury has published its Monthly Economic Indicators report for June 2018: http://bit.ly/2tQ4xKm

Key points:

• GDP grew 0.5% in the December quarter
• The annual current account deficit widened to $7.9 billion (2.8% of GDP)
• Trade data suggests a rebound in June exports with high commodity prices
• Early indicators for June quarter consumption look soft, and business confidence fell further
• The OCR stayed at 1.75%
• Global growth started strong in 2018 though risk around trade are rising

ends