New Zealand GDP growth measures how much the economy expanded or shrank last quarter, the broadest read on New Zealand economic health.
Actual
-0.9%
Forecast
-0.2%
Previous
0.9%
New Zealand GDP Growth Rate for Q2 came in at -0.9% versus -0.2% expected (previous 0.9%), below forecast, which was negative for the NZD.
What it meant for the NZD
The actual landed below the -0.2% forecast (0.7 below expectations). A reading above forecast is generally bullish for the NZD, and below forecast bearish. On this release the read was negative for the NZD.
New to this release? See what New Zealand GDP Growth Rate measures, the next release and its full history.