GDP fell 1% in December quarter

GDP fell 1% in December quarter
Jenny Ruth
New Zealand's economy shrank 1% in the December quarter from the September quarter with seven out of 16 industries contracting, and construction, retail trade and accommodation being the largest decliners.Rising residential building activity partly offset those falls and construction remains at historically high levels, said Paul Pascoe, national accounts manager at StatsNZ.Pascoe noted the December quarter is traditionally the beginning of the peak international tourism season and that tourists were largely absent because of the covid-19 p...

More Economy

Consolidation on the cards as cash no longer king
Economy

Consolidation on the cards as cash no longer king

Cash use has declined for two decades. 

Rebecca Howard 28 Mar 2024
India's FTA surge and the implications for New Zealand
Economy

India's FTA surge and the implications for New Zealand

India has signed 13 free trade agreements in five years, but what does this mean for NZ?

Dileepa Fonseka 28 Mar 2024
Gone in a puff: Sanitarium axes jobs and well-known brands
Retail

Gone in a puff: Sanitarium axes jobs and well-known brands

A total of 49 jobs will be cut across manufacturing, logistics and head office.

Staff reporters 27 Mar 2024