49919
NZ Growth Low
NZ Growth Low

NZ Growth Low

NZ Growth Low

New Zealand’s economy grew slightly less than expected in the second quarter but the solid output figures, bolstered by strong export and domestic demand, may temper rate cut expectations, Reuters reported. Gross domestic product rose a seasonally adjusted 0.9% in the second quarter versus the prior quarter and 3.6% on the year, Statistics New Zealand said on Thursday. Economists polled by Reuters expected 1.1% growth on the quarter and 3.7% on the year. “Household spending was up 1.9%, with Kiwis spending more on going away, eating out, and furnishing their houses,” said Statistics New Zealand National Accounts Manager Gary Dunnet.

Short URL : https://goo.gl/FXQIQF
  1. https://goo.gl/FGlg90
  • https://goo.gl/ABzG53
  • https://goo.gl/38EKPs
  • https://goo.gl/RmMf0n
  • https://goo.gl/Pwm3Lv

You can also read ...

Nigeria CB Reports $91b FX Inflow in 2017
The Central Bank of Nigeria, said the aggregate foreign...
The average annual salary for K–12 public-school teachers is roughly $58,000, and they typically spend a sizable chunk  of that on classroom supplies integral to their jobs
Airbnb, the popular platform that lets people rent out their...
S&P, Moody’s Lower Turkey Ratings
Two major global ratings agencies lowered Turkey’s ratings Aug...
Russia’s largest electronics chain, M. Video, estimates that about a fifth of its products are bought with credit  or on installment plans as people are more confident about the future.
Russian consumers are borrowing like the boom times are back...
China Internet Stocks Fumble
A steep downturn in heavyweight Chinese internet stocks and...
Egypt Keeps Rates Steady
Egypt’s central bank left its main interest rates unchanged,...
Long Road to Greek Recovery
On Monday, Greece exits the third and final bailout program of...
Venezuela Devalues Currency by 95 Percent
Venezuela devalued its currency by about 95% ahead of the Aug...

Trending

Googleplus