INDEPENDENT NEWS

XE Data Update - NZ Q4 GDP Release

Published: Thu 21 Mar 2019 11:02 AM
The NZ GDP for Q4 has just been released.
The GDP for Q4 came weaker than forecast overall:
Adjusted GDP Q4/ Annual :
GDP +0.6% / +2.3% Consensus +0.6% / +2.5%
NZ GDP over the last 12 months has increased by 2.8%.
The RBNZ had previously forecast +0.8% for Q4 GDP.
The NZD is a lower in immediate response.
Here is the link to the Statistics NZ for this GDP release:
https://www.stats.govt.nz/information-releases/gross-domestic-product-december-2018-quarter
Current indicative levels are:
NZDUSD 0.6890 / 0.6915
NZDAUD 0.9675 / 0.9700
NZDEUR 0.6030 / 0.6055
NZDGBP 0.5220 / 0.5245
NZDJPY 76.25 / 76.50
ends
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