The Gross Domestic Product Q4 data released by the Statistics New Zealand came in as 0.6% q/q vs. expected +0.8%. The RBNZ had been expecting a quarterly gain of 0.7%, after 0.6% in Q3, referencing their February Monetary Policy Statement.
- 0.6% q/q expected +0.8% q/q, prior +0.6%.
- 2.9% y/y expected +3.1% y/y, prior +2.7%.
About Gross Domestic Product Q4
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.
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