Apr 3, 2013
Forex Flash: NZD facing little headwinds as economy, milk prices point higher – BNZ
As with last month, NZ’s outperformance relative to the rest of the world was once again evident in spades during March. No more was this so than in fourth quarter GDP figures. GDP soared 1.5% in Q4, taking the annual increase to a very respectable 3.0%. The expansion was much bigger than anyone expected, and provided a nice contrast to the 0.4% growth recorded in the US over the same period, or the 0% in Japan, -0.6% in the Eurozone, and -0.3% in the UK. We couldn’t see anything particularly ‘weird’ in the data, rather, growth simply surprised across a significant number of industries, and was about far more than “just” Christchurch reconstruction.
Baca lagi
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