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Monthly Economic Indicators report for January 2018
Treasury media advisory: Monthly Economic Indicators report for January 2018
The Monthly Economic
Indicators report for January 2018 is now available on the
Treasury website:http://bit.ly/2nIV2JJ
Main
points:
• GDP grew 0.6% in the September quarter, with
solid construction growth. Revisions to GDP showed stronger
growth over the past two years.
• Early indicators for
the December quarter are mixed, with solid electronic card
spending but falls in confidence measures.
• The
current account deficit narrowed in the September quarter,
the goods deficit narrowing to a three year low. Recent
trade data shows the annual goods deficit will narrow
further in the December quarter.
• The IMF revises
global growth outlook upwards on the back of a recovering
global economy, stronger demand, increasing confidence and
US fiscal stimulus boosting
investment.
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