Strong 2013 finish picked for economy
Economists are picking a strong economic finish for 2013, with gross domestic product (GDP) for the quarter to December expected at 0.9%, when Statistics New Zealand data is released tomorrow.
GDP
GDP grows 0.2%, despite drought
GDP grows 0.2%, despite drought
New Zealand had achieved one of the higher annual economic growth rates among the OECD countries, despite the worst drought in 70 years, Finance Minister Bill English said yesterday.
0.3% GDP rise down on forecast
0.3% GDP rise down on forecast
The effects of the drought have offset gains from Canterbury construction, meaning only a ''modest'' increase in economic growth in the March quarter.
GDP probably dominated by drought flow-on and quake rebuild
GDP probably dominated by drought flow-on and quake rebuild
Drought and the Christchurch rebuild are expected to dominate the GDP data out tomorrow, with economic activity expected to have grown by 0.7% in the three months ending in March.
Construction expected to drive GDP: economist
Construction expected to drive GDP: economist
Stronger construction activity is expected to have driven increased economic activity in the three months to September.
GDP beats expectations
GDP beats expectations
New Zealand's gross domestic product (GDP) grew by 0.6 percent in the June quarter - about double market expectations.
GDP up 1.1% in surprise quarterly result
GDP up 1.1% in surprise quarterly result
Manufacturing underpinned a surprise 1.1% quarterly increase in gross domestic product data, more than doubling predictions by some analysts and the Reserve Bank.
Dairy drives GDP surge
Dairy drives GDP surge
The New Zealand economy grew strongly in the first quarter, driven mostly by ideal growing conditions in the dairy sector, Statistics NZ said today.
GDP fails to meet predictions
GDP fails to meet predictions
New gross domestic product (GDP) stats just released show the economy grew at an unexpectedly slow rate at the end of 2011, rising just 0.3 percent.
0.3% GDP growth half of RB forecast
0.3% GDP growth half of RB forecast
Finance Minister Bill English remains optimistic about the state of the New Zealand economy while facing growing criticism the Government is distracted by asset sales and not focusing enough on economic growth.
World cup GDP boost expected
World cup GDP boost expected
The effects of hosting the Rugby World Cup last year are expected to feature in a substantial way in data being released this week by Statistics New Zealand.
Upbeat about moderate growth in 2012
Upbeat about moderate growth in 2012
Finance Minister Bill English remains confident the New Zealand economy will continue to show moderate growth next year.
Tiny GDP growth as economy close to stalling
Tiny GDP growth as economy close to stalling
New Zealand's economy barely missed stalling in the three months to June, but economists say the "speed bump" of 0.1% quarterly growth will not slow the economy for long.
Surging economy confounds experts
Surging economy confounds experts
Strong growth in the manufacturing sector saw economic activity rise much more quickly than expected in the March quarter.
Postponement of GDP disclosure leaves economists wondering
Postponement of GDP disclosure leaves economists wondering
The week-long postponement by Statistics New Zealand on releasing the second quarter GDP (gross domestic product) data has economists querying whether it portends good or bad news in the wake of the February quakes in Christchurch.
Statistics NZ dashes hopes of surplus
Statistics NZ dashes hopes of surplus
Statistics New Zealand yesterday dashed any hopes that New Zealand's current account had slipped back into the black for the first time in nearly 30 years in the three months ended March.
Dunedin lagging behind other parts of New Zealand
Dunedin lagging behind other parts of New Zealand
Dunedin is planning its next decade of economic development - at the same time as facing its failure in the past decade to keep up with the rate of economic growth the rest of the country has achieved.
Uncertainty surrounds this week's GDP news
Uncertainty surrounds this week's GDP news
The GDP release this Thursday is probably as low a priority as it can get, sandwiched between two quake-affected quarters and with the market more concerned about developments overseas.
Communications measurement woes
Communications measurement woes
The measurement of communication activity in the GDP results due out on Thursday is causing something of an issue for economists.
Recovery into second year
Recovery into second year
The economy has entered its second year of recovery with it becoming increasingly clear that future growth is likely to be driven by the country's core goods-producing sector.