Monthly Economic Indicators August 2015 from the New Zealand Treasury is out now

Key points (bolding mine):

  • GDP growth in the June quarter rose a softer than expected 0.4%. The underlying pace of growth slowed markedly over the first half of 2015.
  • Treasury expects an around trend pace of growth over the second half of 2015 (i.e. around 0.6% a quarter).
  • Further declines in business sentiment and consumer confidence across the September quarter show that risks to the near-term outlook are to the downside.
  • That said, monetary conditions have continued to ease and this will support a pick-up in growth further out.

Report in full is available here

-

IF you've been following along with developments in the New Zealand economy this will not be surprising, but a good summary from the NZ Treasury office nevertheless.

NZD is barely changed ... like I said, nothing much new in this (check out the full report linked above for more).