TeleTrade - Analytics


    689.50 6.50/10
    81% of positive reviews

    17.03.2016 09:24 New Zealand's economy expanded at 0.9% in the fourth quarter

    Statistics New Zealand released its GDP data on late Wednesday evening. New Zealand's GDP rose 0.9% in the fourth quarter, exceeding expectations for a 0.6% increase, after a 0.9% gain in the third quarter.


    The increase was driven mainly by a rise in the service industries.


    The overall services sector rose 0.8% in the fourth quarter, construction climbed 2.5%, while the manufacturing sector declined.


    On a yearly basis, New Zealand's GDP climbed by 2.3% in the fourth quarter, beating expectations for a 2.0% growth, after a 2.3% rise in the third quarter.

    To leave a comment you must or Join us

    By visiting our website and services, you agree to the conditions of use of cookies. Learn more
    I agree