ONLY CHARTS #413
NZ GDP growth nowcast, NZ vehicle registrations, NZ job ads, Aus population growth, Aus JobSeeker recipients, Aus male employment
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1. The RBNZ’s nowcast for Q3 GDP growth in New Zealand is at +0.65% q/q.
While the final Q1 and Q2 nowcasts ‘missed’ actual GDP growth by wide margins, it is possible that the nowcasts - as composite indicators - are providing a better signal of underlying growth than the volatile GDP data.
2. Registrations of new motor vehicles in New Zealand have trended higher through to August.
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