New Zealand GDP Expands 0.2% in Q3

Economic activity, as measured by gross domestic product, was up 0.2 percent in the September 2012 quarter, according to a release by Statistic New Zealand. This growth follows revised growth of 0.3 percent in the June 2012 quarter.

The main movements by industry this quarter were: construction (+4.5 percent), due to increases in residential and non-residential building, with Canterbury featuring in both; manufacturing (-1.1 percent), due to decreases in metal product and food and beverage manufacturing; agriculture (-2.8 percent), falling this quarter after high usual growth in the first six months of the year.

Economic activity was up 2.5 percent for the year ended September 2012. Compared with the September 2011 quarter, economic activity was 2.0 percent higher in the September 2012 quarter.

Statistics New Zealand | Nuno Fontes |
12/20/2012 9:11:16 AM