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NZ: Beating expectations GDP rose 0.9% in Dec quarter - TDS

Discussion in 'Fundamental Analysis' started by FXStreet_Team, Mar 17, 2016.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

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    Research Team at TDS, notes that the NZ’s GDP rose +0.9%/qtr in Dec qtr 2015, after +0.9%/qtr in Q3, beating the RBNZ and market (+0.7%).

    Key Quotes

    “2015 growth was 2.5%, on par with the RBNZ’s measure of potential. TD expects 2.7% for 2016 and on-trend 2.4% for 2017. Strong services sector shows the economy can grow despite the drag from dairy. Nevertheless, we are of the view that the RBNZ may take more time to assess the path of inflationary expectations from here after last week’s rushed cut, and push out our expected April cut to June.”
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