NZ April to June (Q2) GDP is due on Thursday (local time) - here is a preview
Its via ASB, this in summary:
- We expect strong quarterly growth of 0.9% over Q2, which is mild payback from the subdued 0.5% increase over Q1.
- According to our forecasts, the average pace of growth over the first half of 2018 was hardly spectacular, particularly given of all the supports underpinning the economy such as low interest rates, high Terms of Trade and high rates of population growth.
- We expect annual GDP growth of 2.7%, a significant slowdown from the pace of growth recorded over 2015 and 2016.
- Furthermore, the continued deterioration in business confidence (in particular the change in business intentions over recent months) materially increases the risk that trend growth slows further over the second half of the year.
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This NZ data is due Wednesday 19 September at 2245GMT
Second quarter economic growth
- expected 0.7% q/q, prior 0.5%
- expected 2.5% y/y, prior 2.7%