The Reserve Bank of New Zealand updated its real-time GDP forecast for the third quarter on its official website in Wellington on Friday. The data showed a 0.6% month-on-month increase in GDP. The indicator has remained around 0.6% for three consecutive weeks. The model predicts a month-on-month growth rate of 0.4% in the fourth quarter. Note: The Reserve Bank of New Zealand stated that this immediate forecast is not an official GDP forecast; it is only one of the reference indicators used to compile the official forecast. At the beginning of September, the forecast estimated a 0.5% month-on-month increase in GDP for the third quarter, and the latest forecast will be released in December.

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