Breaking News Update

Annual GDP Growth: +0.3%,Exchange rate a rebound from the previous quarter's -0.3%.

Industry Highlights:

- Public Utilities: +2.9% (up from +0.2 in Q4 2023)

- Retail Trade: +0.2% (recovering from -0.7% in Q4 2023)

- Arts and Entertainment: +0.3% (up from -0.9 in Q4 2023)

Other Industry Performance:

- Wholesale Trade: -0.3% (improving from -1.8% in Q4 2023)

- 8 out of 16 industries showed expansion.

Inflation Constraints:

- New Zealand Reserve Bank Chief Economist Paul Conway reported progress.

- Increased economic capacity and a more flexible labor market are helping.

- The future stringency of policies may vary.

NZD: Stable at 0.613 USD, benefiting from disappointing US retail sales that weakened the dollar, hinting at a possible Fed rate cut.

Trading involves significant risk, and losses may exceed your deposits.

GDP Growth: +0.2% in Q1 2024, reversing the -0.1% decline in Q4 2023.

The market carries risks, and investment should be cautious. This article does not constitute personal investment advice and has not taken into account individual users' specific investment goals, financial situations, or needs. Users should consider whether any opinions, viewpoints, or conclusions in this article are suitable for their particular circumstances. Investing based on this is at one's own responsibility.