New Zealand Treasury's MEI includes a commentary on the major data releases over the previous month
- Key economic data releases in September point to stronger GDP growth over 2016 than expected in the Budget Economic and Fiscal Update.
The summary (in real brief):
- Solid GDP growth in the June quarter was driven by construction, with support from the services sector
- The current account deficit narrowed and nominal GDP growth was strong, despite a decline in the terms of trade
- Although most central banks held policy rates unchanged in September, the landscape of global monetary policy has changed with lowered prospects for future easing, despite continuing economic weakness
