Forex today: US dollar sagging over Fed expectations
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When is New Zealand GDP report and how could it affect NZD/USD?
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New Zealand GDP up 1 6 percent in latest figures
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Very large surprise : New Zealand GDP up 1.6 percent in latest figures Newshub 5 hrs ago Priscilla Dickinson © Getty Images. New Zealand Gross Domestic Product is up 1.6 percent in the March 2021 quarter.
New Zealand Gross Domestic Product (GDP) rose 1.6 percent in first quarter of this year, latest figures show.
In an announcement on Thursday, Statistics New Zealand confirmed GDP, a measure of growth in national outputs, rose 1.6 percent during the March 2021 quarter.
The rise follows a 1 percent drop in the December 2020 quarter and captures the ten days of Auckland level 3 lockdown in February/early March.
Compared to the March 2020 quarter, GDP in the March 2021 quarter was up 2.4 percent. Annual average GDP, reflecting the four quarters to March 2021 compared to the four quarters to March 2020, fell 2.3 percent.