19 Sep 2011

Health of economy due to be revealed

7:01 am on 19 September 2011

Checks on the health of the New Zealand economy are due later this week, and are expected to show the recovery remained subdued in the three months to June.

Balance of Payments for the June quarter, a measure of the country's international dealings, are due out on Wednesday and Gross Domestic Product figures are due to be issued on Thursday.

Despite the earthquake in Christchurch in February, GDP cracked along in the first three months of the year, jumping 0.8%, though the recovery remained patchy.

Most economists are picking that pace to slow considerably in the June quarter.

Migration and credit card billings for August are also due to be issued on Wednesday.

The BNZ Business New Zealand Performance of Services Index is due on Monday morning.

A consumer confidence survey issued last week showed retail sales could improve as more New Zealanders feel financially better off.

ANZ-Roy Morgan's monthly consumer confidence index fell less than one point to 112 in September. A reading above 100 shows optimism.