The New Zealand Treasury team is out with its latest monthly economic indicators report, highlighting the following:
Overall, recent data and business surveys point to economic expansion persisting at a solid pace in the March and June quarters
Annual consumer price inflation picked up to 2.2%, as underlying price pressures continue to build
Geopolitical risk creates market volatility with elections in Europe
Economic indicators released in April suggest the economy expanded at a reasonable pace in the first quarter of 2017 and that underlying momentum will persist into the second quarter.