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New Zeeland GDP rose less than expected in Q4
Gross domestic product (GDP) rose 0.4 percent in the December 2016 quarter, following an increase of 0.8 percent (revised) in the September 2016 quarter, Stats NZ said today.
"Growth in service industries was partly offset by weaker activity in primary industries also flowing through into manufacturing," national accounts senior manager Gary Dunnet said.
"At an industry level, growth was a mixed bag, with only half of our 16 industries rising."
Service industries continued to grow, increasing 0.7 percent in the December 2016 quarter. The main drivers were business services; arts, recreation, and other services; and health care and residential care.
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