Global Economic News

New Zealand GDP Gains 0.5% In Q1

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.

by RTTNews Staff Writer

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