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May 2018 Monthly Economic Indicators report
May 2018 Monthly Economic Indicators report
The May 2018 Monthly Economic
Indicators report is now available on the Treasury website:
http://bit.ly/2Jd9LKE.
Overview:
• The Government’s Budget and the
Treasury’s forecasts, released in May, largely met market
expectations
• Consumption growth appears to have eased
in the March quarter
• The unemployment rate fell to
4.4% in the March quarter, and wage measures were
mixed
• The risks are skewed to moderately weaker
international growth in 2018 than assumed in BEFU 2018
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