gross domestic growth tagged posts
March 17, 2016 New Zealand Finance
Over the course of 2015 the GDP of New Zealand rose by 2.5 percent.
On March 17th Statistics New Zealand released its quarterly report on GDP in New Zealand, showing that for the 3 months ending December 2015 the Gross Domestic Product in New Zealand rose by 0.9 percent.
The rise in the Gross Domestic Product for New Zealand over the course of the 2015 year is estimated to be 2.5 percent.
The strong growth in the 4th quarter of the year was attributed to a 0.8 percent increase in the service industries.
It was noted that over the three months New Zealanders saw a marked increase in spending on restaurant and ready-to-eat meals, accommodation, and international air passenger services.
However, despite the overall positive results, it was also noted that business investment dropped by 2...Read More
June 20, 2013 New Zealand Finance
New Zealand’s economic growth has increased moderately, but some poor conditions have constrained the rise.
In a statement issued on June 20th Statistics New Zealand announced that the gross domestic product of New Zealand for the March 2013 quarter rose by 0.3 percent, down from 1.5 percent in the December 2012 quarter.
According to Statistics New Zealand, the economic activity surrounding the rebuild of the Canterbury region helped buoy economic growth, but “…the rest of the economy was a mixed bag”.
The largest rise in activity was seen in the building sector and the business services sector, which rose by 5.5 percent and 3.9 percent respectively.
The most significant decline was seen in the agricultural sector, which fell by 4...Read More
December 30, 2011 New Zealand Finance
New Zealand’s GDP showed an improvement over the September quarter, with particularly high growth especially in the manufacturing sector.
On December 22nd Statistics New Zealand released the national Gross Domestic Product (GDP) figures for the September quarter, showing that the country’s economic production grew by 0.8 percent in the three month ending in September.
According to Rachel Milicich, the national accounts manager of Statistics New Zealand, throughout the September quarter economic activity was significantly increased in the retail sector, the accommodation industry, and the hospitality industry. The manufacturing sector saw the largest increase in economic activity since 2002, especially from the production of beverage and tobacco products.
During the three months, economic...Read More
June 24, 2010 New Zealand Finance
The New Zealand Government has reported a fourth quarter of Gross Domestic Product (GDP) growth for the economy, but emphases the need to ensure sustainability.
On June 24th the New Zealand Government released a statement announcing a GDP growth figure of 0.6 percent for the March quarter. Additionally, the Government revised its growth estimates for the December quarter, from 0.8 percent to 0.9 percent. Bill English, Finance Minister of New Zealand, commented on the economic results, saying, “The continuing recovery is good news. A growing economy is the only way to create new jobs and raise New Zealanders’ living standards.”
The growth was reportedly led by an outstanding rebound and expansion of the manufacturing industry...Read More