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Monthly Economic Indicators report for February 2018
Monthly Economic Indicators report for February 2018
The Treasury has published its Monthly
Economic Indicators (MEI) report for February 2018. The
report can be found here: http://bit.ly/2tdSWaZ
Key points:
• The unemployment rate fell to
4.5% in December, and wage measures were mixed, with annual
Quarterly Employment Survey (QES) growth of 3.1%, but Labour
Cost Index (LCI) growth unchanged at 1.8%
•
House prices and sales volumes both increased in
January
• Consumption indicators were positive:
for the December quarter retail sales volumes rose 1.7%
(sa), and in January electronic cards spending rose 1.4%
(sa)
• Global 10-year bond yields pushed higher
in February as analysts expect a faster pace of tightening
of monetary policy in 2018
This month’s MEI special topic covers estimation of the Natural Rate of Unemployment.
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