New Zealand GDP data for Q2 due soon - preview

2nd quarter of 2019 economic growth data from NZ, coming up at 2245GMT

• expected 2.0% y/y, prior 2.5%
• expected 0.4% q/q, prior 0.6%

Earlier:

• NZD traders - heads up for NZ Q2 GDP - preview

Quick comment from BNZ:

• expected to be fairly soggy
• We see slight downside risk to the consensus estimate of 0.4% q/q and RBNZ estimate of 0.5%

ANZ:

• expect the GDP growth of 0.4% q/q in Q2
• driven by a rebound in services
• Given the recent weakness in all forward looking indicators, this data is unlikely to be able to help the NZD