NZ: Q3 GDP likely expanded by 0.5% q/q - ANZ
|Analysts at ANZ are expecting that NZ’s Q3 GDP likely expanded by 0.5% q/q, which would see annual growth moderate 0.1%pts to 2.7%.
Key Quotes
“Underpinning this is an element of payback from Q2’s strong print, where a number of temporary factors provided a boost.”
“That said, relatively stable underlying momentum in the economy should put a floor under Q3’s deceleration.”
“All up, we suspect growth will continue to muddle along at an annual pace of 2½-3%, which we see as slightly below trend. In that environment, it will be a struggle for core inflation to lift sustainably to the RBNZ’s 2% target, suggesting the OCR will remain on hold for some time yet. And if downside risks to the outlook materialise, the next move could well be a cut.”
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers.