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Treasury Release: Monthly Economic Indicators September 2016

Treasury Release: Monthly Economic Indicators September 2016

The September 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:
• Solid GDP growth in the June quarter was driven by construction, with support from the services sector
• The current account deficit narrowed and nominal GDP growth was strong, despite a decline in the terms of trade
• Although most central banks held policy rates unchanged in September, the landscape of global monetary policy has changed with lowered prospects for future easing, despite continuing economic weakness

This month’s special topic: New Zealand Household Debt

Read more at: http://www.treasury.govt.nz/economy/mei/sep16

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