Economy And The Numbers
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NZ GDP Rises 1.1% In Q1

6/20/2012 6:57 PM ET

New Zealand's economy grew 1.1 percent in the first three months of 2012, Statistics NZ reported Thursday.

The Gross Domestic Product picked up after having been at a revised 0.4 percent for the previous quarters, Statistics NZ said.

Economic activity was up 2.4 percent compared with the March 2011 quarter.

Statistics NZ said the main contributors to the Q1 economic growth were manufacturing, business services and agriculture.

For the year ending in March 2012, economic activity totaled NZ$202 billion, the agency said.

by RTT Staff Writer

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