Thursday, 16th September, 2021
It may feel a bit like looking through the rear-vision mirror but indications are the economy was on a charge up until lockdown hit. Q2 GDP figures out on Thursday will give the full picture. We expect a 1.5% quarterly increase will be reported. Retail spending, accommodation (helped by the trans-Tasman bubble), manufacturing, logistics and various services all played a role in supporting huge momentum over the first half of the year. And watch for ANZ’s preliminary business confidence survey results this afternoon for a gauge on how businesses view the impact of this lockdown.