Fortnight in numbers

  1. June Quarterly GDP growth of 0.7% (seasonally adjusted)
  2. August Non-residential consents up 1.3% (seasonally adjusted) on July
  3. August Residential consents up 0.8% (seasonally adjuste) on July
  4. $945m trade deficit in August
  5. August Credit card data down 0.3% on July

I don’t usually say anything about the data, but ….

That GDP number, I wouldn’t have picked it. I was saying that the RBNZ was on crack saying that we would have 2.9% GDP growth in the year to March 2008. However, after that it looks like they knew what they were talking about, and I was the one on crack.

I’ve got to admit, if you question the experts (the RBNZ), you’re often going to be wrong. What can I say, I prefer Microeconomics anyway 😉

1 reply
  1. rauparaha
    rauparaha says:

    Did you intentionally capitalise ‘Microeconomics’? As if it’s the One True Economics?! I mean, you’re obviously right, but it’s not the sort of thing one usually says in public 😉

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