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July 2018 Monthly Economic Indicators
The July 2018 Monthly Economic Indicators report is now available on the Treasury website: http://bit.ly/2AKCoLt
Summary:
• Mixed messages for growth as
labour income continued to grow strongly but retail card
spending weakened
• Risks to our growth forecasts
are rising as the housing market cools, business confidence
weakens, and international trade tensions rise
•
Inflation remained subdued, but pressures appear to be
gradually increasing
• Strong growth in the US,
offset by a weaker outlook for the rest of the world
ends
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