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May 2018 Monthly Economic Indicators report

Press Release – New Zealand Treasury

The May 2018 Monthly Economic Indicators report is now available on the Treasury website: http://bit.ly/2Jd9LKE . Overview: The Governments Budget and the Treasurys forecasts, released in May, largely met market expectations Consumption …May 2018 Monthly Economic Indicators report
The May 2018 Monthly Economic Indicators report is now available on the Treasury website: http://bit.ly/2Jd9LKE.

Overview:

• The Government’s Budget and the Treasury’s forecasts, released in May, largely met market expectations
• Consumption growth appears to have eased in the March quarter
• The unemployment rate fell to 4.4% in the March quarter, and wage measures were mixed
• The risks are skewed to moderately weaker international growth in 2018 than assumed in BEFU 2018

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