Weak underlying price pressures despite domestic strength – NZ Treasury’s monthly economic indicators

New Zealand Treasury’s monthly economic indicators for July 2016 point to stronger economic growth supported by exports and consumer spending, but weak price pressures.

Key points

Key economic data releases in July point to stronger economic growth in the June quarter than expected in the Budget Economic and Fiscal Update

Weak underlying price pressures despite domestic strength

Global financial markets stabilized in July but the economic outlook is slightly weaker