NZ Treasury report: Economic expansion persisting at a solid pace

The New Zealand Treasury team is out with its latest monthly economic indicators report, highlighting the following:

Overall, recent data and business surveys point to economic expansion persisting at a solid pace in the March and June quarters

Annual consumer price inflation picked up to 2.2%, as underlying price pressures continue to build

Geopolitical risk creates market volatility with elections in Europe

Economic indicators released in April suggest the economy expanded at a reasonable pace in the first quarter of 2017 and that underlying momentum will persist into the second quarter.