GDP growth of 0.6% meets best expectations, defers potential OCR cut
Construction was the biggest contributor while growth in services was the slowest in nearly seven years.
Nevil Gibson
Thu, 20 Jun 2019
© All content copyright NBR. Do not reproduce in any form without permission, even if you have a paid subscription.
The keenly awaited figure for GDP growth in the first quarter came in bang on the most positive expectations at 0.6%, unchanged from the previous December quarter.
A consensus of economists proved correct and said it would likely mean no need for an imminent Reserve Bank cut in the official
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Nevil Gibson
Thu, 20 Jun 2019
© All content copyright NBR. Do not reproduce in any form without permission, even if you have a paid subscription.
