New Zealand GDP growth measures how much the economy expanded or shrank last quarter, the broadest read on New Zealand economic health.
Actual
-0.2%
Forecast
-0.3%
Previous
0.1%
Source: Statistics New Zealand. Figures as released; revisions appear in the next print.
New Zealand GDP Growth Rate for Q2 2024 came in at -0.2% versus -0.3% expected (previous 0.1%), above forecast, which was positive for the NZD.
What it meant for the New Zealand Dollar
The actual landed above the -0.3% forecast (0.1 above expectations). A reading above forecast is generally bullish for the NZD, and below forecast bearish. On this release the read was positive for the NZD.
New to this release? See what New Zealand GDP Growth Rate measures, the next release and its full history.