Wednesday, 19th December, 2018

This week, we preview Q3 GDP, appropriately the last major data release for 2018. Our preview shows that we expect that economic activity slowed to a soft 0.5% qoq pace over the quarter. GDP highlights a busy data week. Locally, we have the dairy auction overnight Tuesday, Q3 Balance of Payments Wednesday, with the November Trade Balance and ANZ Consumer Confidence due on Thursday and Friday, respectively. Offshore is also busy. The Fed makes its interest rate announcement on Thursday morning NZ time, while the BoJ and BoE are also due to make announcements this week.