New Zealand Treasury Department publishes Monthly Economic Indicators.
Headlines:
- Most businesses were expecting their sales prices to remain relatively unchanged, with only modest increases at best
- "A handful of businesses, mostly in the retail sector, were even anticipating lowering prices in coming months"
- Robust competition within industries and the impact of the exchange rate on imported goods prices are driving softer prices
- Indicators in March support outlook for strong 1H activity
- Near term nominal GDP growth will be softer than forecast on low inflation
via Bloomberg
