New Zealand GDP beats expectation for both QoQ and YoY

New Zealand GDP beats expectations.

Ross J Burland FXStreet

Most had been expecting New Zealand GDP to have risen 0.4% in the second quarter and 2.0% for the year, the lowest since Q4 2013.

The data arrived as follows:

0.5% for QoQ vs the estimate of 0.4%
2.1% for YoY vs the 2.0% estimate.

About NZ GDP

The Gross Domestic Product released by the Statistics New Zealand is a measure of the total value of all goods and services produced by New Zealand. The GDP is considered as a broad measure of New Zealand economic activity and health. Generally speaking, a high reading is seen as positive (or bullish) for the NZD, while a falling trend is seen as negative (or bearish) for the NZD.

Author

Ross J Burland

FXStreet

Ross J Burland, born in England, UK, is a sportsman at heart. He played Rugby and Judo for his county, Kent and the South East of England Rugby team.

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