NZ Treasury: Monthly Economic Forecasts Sept - 2016 GDP may beat budget forecasts

New Zealand’s treasury published its latest report on the monthly economic indicators on Monday, suggesting that Sept macro releases point to stronger growth outlook in 2016 than previously estimated.

Key Quotes:

“Key economic data releases in September point to stronger GDP growth over 2016 than expected in the Budget Economic and Fiscal Update”

“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”

Full report here