Australia & NZ Weekly Economic Preview/Review

This report provides a weekly economic review of Australia and New Zealand, noting soft 1Q2026 GDP in Australia alongside accelerating price pressures. It also highlights a hawkish pivot from the RBNZ and upcoming economic data releases.

Key Takeaways

• 1.Australian 1Q2026 GDP grew 0.3% qoq, slightly below expectations, impacted by weather-related export declines.
• 2.The RBNZ signaled a hawkish pivot, leading analysts to pull forward forecasts for a mini-tightening cycle.
• 3.Fair Work Commission announced a 4.75% increase in award wages effective July 1, 2026.

Table of Contents

• Key data over the past week:
• Key focus in the week ahead:
• Australia: Week commencing 8 June 2026
• Australia & NZ Indicator Dashboard
• Disclosure Appendix