New Zealand Q2 GDP -0.9% q/q (vs. -0.3% expected) ...Middle East

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New Zealand Q2 GDP -0.9% q/q (vs. -0.3% expected)

New Zealand Q2 GDP

Gross Domestic Product -0.9% (QoQ) (Q2)

    expected -0.3%, prior 0.8%

    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 in recession again.

    New Zealand's economy contracted in the second quarter

    heightened uncertainty around U.S. tariffs and ongoing weakness in the housing market cited This article was written by Eamonn Sheridan at investinglive.com.

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