NZ 3Q GDP tipped to grow 0.5%

Tue, 17 Dec 2019

Surprisingly robust retail trade, manufacturing and services data likely underpinned the economy in the third quarter.The median of economists polled by Bloomberg expect the economy expanded 0.5 percent versus the prior quarter. The poll points to annual growth of 2.3 percent. ASB Bank senior economist Jane Turner is more optimistic, tipping quarterly growth of 0.7 percent and annual growth of 2.5 percent.Turner said the recent retail trade survey “revealed a thumper of a quarter” with seasonally adjusted retail sales volumes more than thr...

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