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Treasury Release: Monthly Economic Indicators June 2016
Treasury Release: Monthly Economic Indicators June 2016
The June Monthly Economic Indicators (MEI)
was published today on the Treasury Website at 2:00pm. The
report provides a summary of recent economic events.
The main points:
• March quarter real GDP
growth was stronger than expected, driven by construction,
tourism and services and underpinned by population
growth
• The current account deficit narrowed,
partly owing to an increase in the terms of trade that also
supported nominal GDP growth
• Global market
volatility escalated in early June with uncertainty around
the speed of US monetary policy normalisation and at the end
of the month with the ‘Brexit’ referendum
This month’s special topic : Implications of Brexit for the NZ economy
Read more at: http://www.treasury.govt.nz/economy/mei/jun16
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