NZ economic growth slows in first quarter as construction activity weakens

Wed, 20 Jun 2018

By Rebecca Howard June 21 (BusinessDesk) - New Zealand's economic growth eased slightly in line with expectations in the first quarter as a fall in construction activity was offset by growth in the services industries. The primary industries regained some ground. Gross domestic product expanded 0.5 percent in the three months to March 31 versus a revised 0.6 percent expansion in the fourth quarter and was 2.7 percent higher on the year, Statistics New Zealand said. The result was in line with economist expectations in a Bloomberg poll how...

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