Breaking: New Zealand GDP unexpectedly expands 0.4% QoQ in Q1, Kiwi pops and drops

New Zealand's (NZ) Gross Domestic Product (GDP) unexpectedly expands 0.4% in the first three months (Q1) of 2020 vs. -1% expected and +0.5% booked in the Q4 2019, according to the latest data published by the Statistics NZ on Thursday.

more to come ...

About NZ GDP

The Gross Domestic Product released by the Statistics New Zealand is a measure of the total value of all goods and services produced by New Zealand. The GDP is considered as a broad measure of New Zealand economic activity and health. Generally speaking, a high reading is seen as positive (or bullish) for the NZD, while a falling trend is seen as negative (or bearish) for the NZD.