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    NZ: Expect solid broad-based GDP growth - TDS Sandeep Kanihama

    Research Team at TDS, suggests that we should expect solid broad-based NZ’s GDP growth, except for a slump in plant and equipment investment shaving off at least -½ppts.Key Quotes “Consumption ( 0.6ppts) and dwelling construction ( 0.4ppts) will be the big contributors to growth. Annual growth will be solid at 2.6%, but the RBNZ is looking at the exchange rate, not growth, for the next move in the cash rate.AUD: All job vacancies series suggest Australis’s employment growth tracking around 2% y/y, and hence a lift of around 18k in the month is cons is tent with that view. Whether full– or part-time is another matter, but recent trends suggest a recovery in full-time employment is overdue soon.”

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