New Zealand GDP growth measures how much the economy expanded or shrank last quarter, the broadest read on New Zealand economic health.
Actual
0.5%
Forecast
0.5%
Previous
0.6%
Source: Statistics New Zealand. Figures as released; revisions appear in the next print.
New Zealand GDP Growth Rate for Q2 2019 came in at 0.5% versus 0.5% expected (previous 0.6%), in line with forecast.
What it meant for the New Zealand Dollar
The actual landed in line with the 0.5% forecast. A reading above forecast is generally bullish for the NZD, and below forecast bearish.
New to this release? See what New Zealand GDP Growth Rate measures, the next release and its full history.