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- New Zealand GDP up 0.6% q/q
New Zealand GDP up 0.6% q/q
Economic activity, as measured by gross domestic product (GDP), was up 0.6 percent in the December 2017 quarter, the second quarter in a row it rose 0.6 percent.
Higher activity in the service industries was offset by a fall in the primary industries. Goods-producing industries also rose.
Activity in the service industries rose 1.1 percent, with 10 of the 11 service industries recording increases in the December 2017 quarter. Overall growth in the service industries was led by a 2.3 percent increase in business services, particularly computer system design and related services, and advertising, market research, and management services.
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