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    NZ: Expect a 0.5% q/q lift in production-based GDP - ANZ Sandeep Kanihama

    Research Team at ANZ, expects a 0.5% q/q lift in NZ’s production-based GDP ( 2.6% y/y), which is in line with the consensus and a touch below the RBNZ’s MPS pick.Key Quotes“We see risks as broadly balanced. For the third consecutive quarter, decent goods and services sector growth is expected to be offset by a contraction in primary sector activity.Led by construction, the goods sector is expected to have risen 2.2% q/q. Services sector activity is expected to grow 0.6% q/q, a touch softer than in the second half of 2015.Primary sector activity is expected to have fallen for a third consecutive quarter (-0.2% q/q). Expenditure GDP should be supported by reasonable domestic demand growth.”

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