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Global Economic News

New Zealand GDP Gains 0.5% In Q1

By RTTNews Staff Writer   ✉   | Published:   | Follow Us On Google News
rttnewslogo20mar2024

New Zealand's gross domestic product expanded 0.5 percent on quarter in the first three months of 2017, Statistics New Zealand said on Thursday.

That was shy of expectations for a gain of 0.7 percent but was up from the 0.4 percent increase in the three months prior.

Expenditure on gross domestic product gained 0.2 percent in the first quarter.

On a yearly basis, GDP climbed 2.5 percent - again missing forecasts for 2.7 percent, which would have been unchanged.

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