New Zealand's economy expanded 0.6 percent in the second quarter of 2012 compared to the previous three months, Statistics NZ said on Thursday.
That beat forecasts for an increase of 0.4 percent following the downwardly revised 1.0 percent expansion in the first quarter (originally 1.1 percent).
On a yearly basis, GDP jumped 2.6 percent, also beating estimates for an increase of 2.4 percent, which would have been unchanged from the previous three months.
The size of the economy was $NZ205 billion for the year ended June 2012.
by RTT Staff Writer
For comments and feedback: email@example.com