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Monthly Economic Indicators report August 2018
Monthly Economic Indicators report August 2018
The Monthly Economic Indicators report for August 2018 is now available on the Treasury website: https://treasury.govt.nz/publications/mei/monthly-economic-indicators-august-2018-html
Key points:
• Solid retail sales growth to
underpin private consumption growth in the June
quarter
• RBNZ left the OCR at 1.75% in August and
forecast no change until 2020
• Less support for growth
from easing net migration inflows and declining commodity
prices
• Global growth remains solid but rising trade
tensions are a threat
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