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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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