皇冠信用网
热门标签

NZ’s weak retail sales raise technical recession risk

时间:2个月前   阅读:15   评论:1

精彩足球推荐分析www.99cx.vip)是一个开放皇冠体育网址代理APP下载、皇冠体育网址会员APP下载、皇冠体育网址线路APP下载、皇冠体育网址登录APP下载的官方平台。精彩足球推荐分析上足球分析专家数据更新最快。精彩足球推荐分析开放皇冠官方会员注册、皇冠官方代理开户等业务。

GDP projection: Men working on a new residential building in Auckland. The RBNZ last week forecast 1.8% growth as it raised interest rates by a half-percentage point for a fourth straight meeting. — AP

WELLINGTON: New Zealand posted a second consecutive quarterly decline in retail sales volumes, opening up the possibility that the economy fell into a technical recession in the first half of the year.

Sales adjusted for inflation dropped 2.3% in the three months through June, confounding economists’ expectations for a 1.7% gain, government data showed yesterday. That followed a 0.9% decline in the first quarter.

The result raises the prospect of back-to-back falls in quarterly gross domestic product, the definition of recession in New Zealand. The economy shrank by 0.2% in the first quarter.

While leading indicators of exports, manufacturing and construction have been soft, no economist predicts a slump.

Indeed, the Reserve Bank of New Zealand (RBNZ) last week forecast 1.8% growth as it raised interest rates by a half-percentage point for a fourth straight meeting.

“Much weaker than expected retail volumes highlight the risk that New Zealand was in a technical recession in the first half of 2022,” said Mark Smith, senior economist at ASB Bank in Auckland. “This is not our core view.”

,

新2会员网址www.hg108.vip)实时更新发布最新最快最有效的新2网址和新2最新网址,包括新2手机网址,新2备用网址,皇冠最新网址,新2足球网址,新2网址大全。

,

ASB currently expects the economy grew 0.8% in the second quarter, and will revise that view in coming weeks as more data emerges. The gross domestic product report is due on Sept 15.

Economists said that even a sharper-than-expected drop in economic growth wouldn’t deter the RBNZ from its tightening path.

The central bank last week increased the Official Cash Rate (OCR) to 3% and said it would continue to tighten “at pace.” It projected a peak for the OCR of 4.1% next year.

“On face value, today’s data suggest the economy may have been in a technical recession in the first half of the year,” said Miles Workman, senior economist at ANZ Bank in Wellington.

Still, “capacity pressures are so stretched that weaker-than-expected economic activity may not necessarily translate into weaker-than-expected inflation,” he said.

ANZ provisionally projects 1% growth in the second quarter, and forecasts the RBNZ will hike the OCR to 4% by the end of 2022. — Bloomberg


转载说明:本文转载自Sunbet。

上一篇:盛女舞作战

下一篇:免费足球预测(www.hgbbs.vip)_陈劲解释摩托罗拉骁龙8+真机图曝光

网友评论

  • 2022-09-29 00:11:29

    crown博彩www.hg108.vip)是皇冠体育官方信用网线上直营平台。crown博彩开放信用网和现金网代理申请、信用网和现金网会员注册、线上充值线上投注、线上提现、皇冠官方APP下载等业务。crown博彩提供皇冠官网管理端登录线路、皇冠官网会员端登录线路,皇冠官网手机网址、皇冠官网最新网址导航等服务。反正我跪了