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New Zealand's GDP up 1.0 percent
Gross domestic product (GDP) was up 1.0 percent in the September 2014 quarter, Statistics New Zealand said today. The growth was driven by primary industries, which increased 5.8 percent "This is some of the strongest growth in primary industries for 15 years," national accounts manager Gary Dunnet said. "Milk production had a good start to the season, while oil exploration, and oil and gas extraction also grew." The key drivers in the September 2014 quarter were agriculture (up 4.7 percent), and mining (up 8.0 percent). In contrast, forestry and logging was down 4.0 percent. Manufacturing activity also grew ... (full story)
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