NZ economy indicators point to stronger GDP growth in the H2 2016 than forecast

The New Zealand Treasury"s Monthly Economic Indicators for October is out now

With a very bullish assessment for the economy, the highlights:

• A solid lift in business activity and business confidence continues to point to stronger GDP growth in the second half of 2016 than forecast in the Budget Update.


• Demand in the economy is driven by elevated net migration inflows, housing demand and tourism spending. The export price recovery is expected to continue.


• Annual inflation remained weak in the September quarter, owing to low petrol prices and a reduction in vehicle levies. However, inflation is expected to rise from here.


• International data were mixed but generally positive and expectations of US monetary tightening increased.

So ... no news there for anyone who has been monitoring the NZ economy/

NZD not showing much of a response:

NZ economy indicators point to stronger GDP growth in the H2 2016 than forecast
NZ economy indicators point to stronger GDP growth in the H2 2016 than forecast
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