New Zealand Q2 GDP
Gross Domestic Product -0.9% (QoQ) (Q2)
expected -0.3%, prior 0.8%The Reserve Bank of New Zealand’s forecast was for a 0.3% fall
Gross Domestic Product -0.6% (YoY) (Q2)
expected 0.0%, prior -0.7%
NZD/USD has dropped a few tics on the data release. Big miss for this data.
New Zealand’s economy contracted in the second quarter
heightened uncertainty around U.S. tariffs and ongoing weakness in the housing market cited
Statistics New Zealand:
0.9 percent fall in economic activity in the June 2025 quarter was broad-basedfalls in 10 out of 16 industriesGDP has now fallen in 3 of the last 5 quarters
This article was written by Eamonn Sheridan at investinglive.com.