Celebrating 25 Years of Scoop
Special: Up To 25% Off Scoop Pro Learn More

Gordon Campbell | Parliament TV | Parliament Today | News Video | Crime | Employers | Housing | Immigration | Legal | Local Govt. | Maori | Welfare | Unions | Youth | Search

 

Monthly Economic Indicators August 2015

Monthly Economic Indicators August 2015


The August 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:

• GDP growth in the June quarter is expected to be around 0.6%, lower than the BEFU forecast. Annual growth in 2015 may fall to 2.0% as domestic demand softens.

• Weakness in retail spending as employment growth declined points to softer private consumption growth in the June quarter than previously expected.

• However, a buoyant housing market, elevated net migration gains and exchange rate depreciation are expected to continue to support growth.

• Dairy prices remained low in August, pointing to further falls in the terms of trade.

• Volatility in financial markets reflected concerns over China’s growth slowdown.

The special topic this month looks at China’s liberalisation and devaluation of its currency.

Read more at: http://www.treasury.govt.nz/economy/mei/Aug15


ends

Advertisement - scroll to continue reading

Are you getting our free newsletter?

Subscribe to Scoop’s 'The Catch Up' our free weekly newsletter sent to your inbox every Monday with stories from across our network.

© Scoop Media

Advertisement - scroll to continue reading
 
 
 
Parliament Headlines | Politics Headlines | Regional Headlines

 
 
 
 
 
 
 

LATEST HEADLINES

  • PARLIAMENT
  • POLITICS
  • REGIONAL
 
 

InfoPages News Channels


 
 
 
 

Join Our Free Newsletter

Subscribe to Scoop’s 'The Catch Up' our free weekly newsletter sent to your inbox every Monday with stories from across our network.