GDP (QoQ) (New Zealand)
Substantial Jump Expected in New Zealand GDP
Starts Wednesday, October 17, 2018 at 03:00
Updated Wednesday, September 19, 2018
The economic growth has cooled in New Zealand from 0.8% a year ago on a quarterly basis, to 0.5% in the last reading. In the numbers which are released this week, the economic growth is expected to have picked up again by 0.8% quarterly. Although these are the numbers from the first quarter, so it is a lagging indicator. But, there will be an impact on the NZD if there is a big deviation from expectations.Please follow us for live coverage of this event and its impact on the currency 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.