New Zealand GDP Beats Estimate

New Zealand’s gross domestic product fell a seasonally adjusted 12.2% in Q2, data showed on Thursday

GDP prod based (QoQ) sa (q2): -12.2% (est -12.8%, prev -1.6%).

GDP prod based (YoY) sa (q2): -12.4% (est -13.3%, prev -0.2%).

Annual average prod-based GDP -2.0% in Q2 vs year ago (Reuters poll -2.3%).