New Zealand Q2 GDP -0.2% q/q (expected -0.4%)

New Zealand economic growth data for the April to June quarter of 2024

NZD/USD is around 0.6219, not a lot of change on this result.

–

New Zealand’s economy
contracted in Q2

• retail trade and accommodation, agriculture, forestry,
  and fishing and wholesale trade slowed

The Reserve Bank
of New Zealand had forecast the economy contracted by 0.5%.

This article was written by Eamonn Sheridan at www.forexlive.com.