GDP (QoQ) (New Zealand)
Growth in the New Zealand Economy to Cool Off in Q3
Starts Wednesday, December 19, 2018 at 21:45
Updated Monday, December 17, 2018
The economic growth in New Zealand has averaged at around 0.6% in the last year, but the report released in September showed that the economy expanded by 1.0% in Q2, beating expectations of 0.8%. This week's GDP report which shows the figures for Q3 is expected to come at 0.6% which would be a cooling off form the previous quarter. Although, don't rule out another surprise. Although, the surprise might be on the downside since we have seen a few disappointing economic reports from New Zealand. Please follow us for live coverage of this event by experienced market analysts.
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About GDP (QoQ) (New Zealand)
Released by Statistics New Zealand, quarterly GDP represents the total value of all goods and services produced domestically. Agricultural output, tourism, tech, manufacturing and the export sector are major contributors to New Zealand’s GDP. Strong GDP numbers create bullish sentiment for the NZD, while weak ones are an indication of economic stagnation.