GDP growth remains strong

Stats NZ reports:

The New Zealand economy grew 0.9 percent in the September 2015 quarter, following an increase of 0.3 percent in June, Statistics New Zealand said today. The September quarter increase was driven by growth in the service industries and manufacturing.

“The increase this quarter follows lower growth earlier in the year, which has brought the annual growth down to 2.9 percent,” national accounts manager Gary Dunnet said.

2.9% annual growth is very decent.

And the main increase has been in manufacturing. Even since Labour, Greens and NZ First declared manufacturing is in crisis three years ago it has grown 6.7% in real terms.

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