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Treasury: Monthly Economic Indicators for October

Tuesday, 7 November 2017, 4:22 pm
Press Release: New Zealand Treasury

Treasury: Monthly Economic Indicators for October 2017

The Monthly Economic Indicators report for October 2017 is now available: http://bit.ly/2yC5TgY

Key points:

• An easing in surveyed business activity and soft agricultural production points to slower growth in the September quarter than forecast in the Pre-election Update
• Stronger-than-forecast CPI inflation and rising terms of trade to support nominal growth
• Labour market conditions stronger than expected
• GDP growth is expected to pick up in the December quarter
• Outlook for global growth improves

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