In the December 2018 quarter: New Zealand economy grew 0.6 percent service industries grew 0.9 percent, driving economic growth agriculture, forestry, and fishing industry was down 0.6 percent construction was up 1.8 percent household spending was up 1.3 percent investment spending was up 1.4 percent GDP per capita rose 0.1 percent real purchasing power of New Zealand’s income was down 0.2 percent. New Zealand economy grows 0.6 percent Economic activity, as measured by gross domestic product (GDP), was up 0.6 percent in the December 2018 quarter. This rise follows a 0.3 percent increase in the September 2018 quarter. ... (full story)

New Zealand's gross domestic product (GDP) grew by 0.6 per cent in the December quarter and by 2.8 per cent over the year, Stats NZ said. The quarterly result was in line with market expectations but below the Reserve Bank's latest forecast of a 0.8 per cent gain. The department said growth in the quarter was led by a 0.9 per cent rise in service industries, while the goods-producing industries grew 0.2 per cent. National accounts senior manager Gary Dunnet said growth was mixed at the industry level, with 10 of the 16 industries recording increases. Retail and accommodation led the service industries with a 2.5 per ... (full story)