April 2019 Monthly Economic Indicators

The Monthly Economic Indicators Report for April 2019 is now available on the Treasury website.

Key points:

Partial indicators suggest GDP growth over the first half of 2019 might be slightly lower than forecast in the Half Year Update.

Unemployment dipped in the March quarter, but wage growth was strong over the quarter.

Annual CPI inflation fell to 1.5% in the March quarter, largely due to lower petrol prices.

While global equity markets recover, uncertainties remain large.

This month's special topic explores trends in New Zealand's productivity performance using recently released productivity data from Stats NZ.

ENDS