HIFX Data release - NZ Q2 GDP

HIFX Data release - NZ Q2 GDP

*** NZ GDP (Q2) Release – NZD slightly lower ***

The NZ GDP for Q2 has just been released.

The GDP for Q2 came in slightly worse than expected:

Adjusted GDP Q2/ Annual:

GDP +0.9% / +3.6% Consensus +1.1% / +3.7%

NZ GDP over the last 12 months was 3.60%

Q1 GDP however was revised higher from +.7% to +.9%

The NZD is slightly lower in immediate response.

Current indicative levels are:

NZDUSD 0.7274 / 0.7279
NZDAUD 0.9732 / 0.9742
NZDEUR 0.6467 / 0.6473
NZDGBP 0.5490 / 0.5493
NZDJPY 74.49 / 74.55

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