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- New Zealand's economic activity, as measured by gross domestic product, was up 1.0 percent in the June 2018 quarter
New Zealand's economic activity, as measured by gross domestic product, was up 1.0 percent in the June 2018 quarter
Economic activity, as measured by gross domestic product (GDP), was up 1.0 percent in the June 2018 quarter. This rise follows a 0.5 percent increase in the March 2018 quarter.
GDP grew 2.7 percent over the year ended June 2018.
Growth across 15 of the 16 industries contributed to the largest quarter-on-quarter increase in two years. A 1.0 percent increase in the service industries was the biggest contributor to growth this quarter. The goods-producing industries were up 0.9 percent following a flat March 2018 quarter. The primary industries grew 0.2 percent, with strong growth in agriculture, forestry, and fishing offset by a significant fall in mining.
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