Excellent GDP growth

Stats NZ reports:

Gross domestic product (GDP) rose 1.0 percent in the June 2018 quarter, up from 0.5 percent last quarter, Stats NZ said today. This is the largest quarterly rise in two years. …

Annual GDP growth for the year ended June 2018 was 2.7 percent.

That is an excellent quarterly growth figure, and above market expectations. Worth noting though it is for the period from April to June, so we’ll see next quarter if the weaker confidence of recent months has had an impact.

Comments (85)

Login to comment or vote

Add a Comment

%d bloggers like this: