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Construction leads New Zealand's GDP growth in March quarter
Gross domestic product (GDP) increased 0.7 percent in the March 2016 quarter, following an increase of 0.9 percent in the December 2015 quarter, Statistics New Zealand said today. The latest growth was driven by the construction and health industries, but partly offset by decreases in the primary industries and manufacturing. “The main driver behind the GDP growth was construction, which rose 4.9 percent. This was the strongest quarterly growth for the industry since March 2014,” national accounts senior manager Gary Dunnet said. The increase in construction also reflected higher construction-related investment. ... (full story)