Treasury media advisory: Monthly Economic Indicators report for January 2018
The Monthly Economic Indicators report for January 2018 is now available on the Treasury website:http://bit.ly/2nIV2JJ
Main points:
• GDP grew 0.6% in the September quarter, with solid construction growth. Revisions to GDP showed stronger growth
over the past two years.
• Early indicators for the December quarter are mixed, with solid electronic card spending but falls in confidence
measures.
• The current account deficit narrowed in the September quarter, the goods deficit narrowing to a three year low.
Recent trade data shows the annual goods deficit will narrow further in the December quarter.
• The IMF revises global growth outlook upwards on the back of a recovering global economy, stronger demand,
increasing confidence and US fiscal stimulus boosting investment.