Well on the road to recovery

	A slew of key domestic data is released this week, which will shed further insight into how this recovery is evolving. In particular, we expect GDP data this Thursday to show the economy grew by 0.5% over the March quarter.
	There has been increasing signs of the economic recovery becoming more broad-based in recent months.
	The RBNZ will be pleased with the export-led nature of the recovery taking place.  This rebalancing will be an important factor in the sustainability of the recovery in the NZ economy.

Read the full PDF report.

Other sites of interest: www.asbsecurities.co.nz  www.asb.co.nz  www.commbank.com.au

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Report prepared by:
Jane Turner
ASB Economist
Phone: +64 9 374 8185
Fax: +64 9 302 0992