New Zealand's GDP grows 0.6 pct in December 2018 quarter

0 Comment(s)Print E-mail Xinhua, March 21, 2019
Adjust font size:

WELLINGTON, March 21 (Xinhua) -- New Zealand's gross domestic product (GDP) grew 0.6 percent over the year in the December 2018 quarter, Statistics New Zealand (Stats NZ) figures showed on Thursday.

"Growth in this quarter was led by the service industries, contributing a 0.9 percent rise," said Stats NZ senior manager Gary Dunnet, adding that the goods-producing industries grew 0.2 percent.

States NZ recorded 10 of the 16 industries with increases, leaving a mixed growth among industries.

Transport, postal and warehousing (up 3.2 percent) led the service industries along with retail and accommodation (up 2.5 percent), while primary industries struggled across the board.

"Reduced livestock production had an impact on agriculture, while mining activity was still on its way from a partial recovery last quarter," Dunnet said.

The annual GDP growth for the year ended December 2018 was 2.8 percent. Enditem

Follow China.org.cn on Twitter and Facebook to join the conversation.
ChinaNews App Download
Print E-mail Bookmark and Share

Go to Forum >>0 Comment(s)

No comments.

Add your comments...

  • User Name Required
  • Your Comment
  • Enter the words you see:   
    Racist, abusive and off-topic comments may be removed by the moderator.
Send your storiesGet more from China.org.cnMobileRSSNewsletter