ONLY CHARTS #349
NZ consumer confidence, NZ balance of payments, Aus unemployment, Aus job ads, US retail trade
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1. The quarterly measure of consumer confidence in New Zealand rose modestly in Q2 but remained well below average.
2. New Zealand’s current account deficit narrowed modestly to ~5% of nominal GDP in Q1 as the trade deficit narrowed. (StatsNZ’s figure of 5.5% of GDP for the CAD is based on rolling annual GDP.)
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