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NZ GDP down -0.1% qoq in Q1, driven by inventory rundown and services exports

New Zealand GDP contracted -0.1% qoq in Q1 as expected. Primary industries fell -0.5%. Service industries fell -0.6%. Goods producing industries fell -0.4%. StatsNZ noted, “The expenditure measure of GDP fell 0.2 percent this quarter. This decline was driven by run downs in inventories held by businesses, and a fall in exports of services.” “A […] The post NZ GDP down -0.1% qoq in Q1, driven by inventory rundown and services exports appeared first on Action Forex... Read More

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Posted: Jun 15 2023, 05:27

Author Name: actionforex

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