New Zealand's latest weekly economic update

  • June 14, 2020 12:00 AM NZST
  • Team Kalkine

The recent weekly economic update was released on 12 June, here are the main points:

  • The COVID-19 curve is a flat-line now with no new cases leading to all domestic restrictions related to the pandemic been lifted.
  • Retail spending remains steady, and Jobseeker numbers is again increasing.
  • Forward-looking indicators continue to be weak; however, business confidence is recovering.
  • U.S. employment data is surprising, though the OECD presents a terrible global outlook.
  • Manufacturing sales volume declines.
  • Building work put in place declines sharply.

 


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