telegram搜索不到(www.tel8.vip):NZ’s weak retail sales raise technical recession risk

admin 1个月前 (08-29) 社会 5 0

足球博彩平台www.hg108.vip)是一个开放皇冠即时比分、代理最新登录线路、会员最新登录线路、皇冠代理APP下载、皇冠会员APP下载、皇冠线路APP下载、皇冠电脑版下载、皇冠手机版下载的皇冠新现金网平台。足球博彩平台上登录线路最新、新2皇冠网址更新最快,足球博彩平台开放皇冠会员注册、皇冠代理开户等业务。

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.”

,

telegram搜索不到www.tel8.vip)是一个Telegram群组分享平台,telegram搜索不到包括telegram搜索不到、telegram群组索引、Telegram群组导航、新加坡telegram群组、telegram中文群组、telegram群组(其他)、Telegram 美国 群组、telegram群组爬虫、电报群 科学上网、小飞机 怎么 加 群、tg群等内容。telegram搜索不到为广大电报用户提供各种电报群组/电报频道/电报机器人导航服务。

,

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。
allbet声明:该文看法仅代表作者自己,与本平台无关。转载请注明:telegram搜索不到(www.tel8.vip):NZ’s weak retail sales raise technical recession risk

网友评论

  • (*)

最新评论

文章归档

    站点信息

    • 文章总数:8553
    • 页面总数:0
    • 分类总数:8
    • 标签总数:1938
    • 评论总数:6310
    • 浏览总数:675019