NZ economy grows 0.2 percent in 2Q as architecture, engineering offsets drought; kiwi jumps

Wed, 18 Sep 2013

By Paul McBeth Sept. 19 (BusinessDesk) – New Zealand’s economy grew faster than expected in the second three months of the year as expansion in architecture and engineering services offset the impact of the drought which slowed agriculture. The kiwi dollar jumped on the figures. Gross domestic product grew 0.2 percent to $37.26 billion in the three months ended June 30, slowing from a revised gain of 0.4 percent in the March quarter, according Statistics New Zealand. That was ahead of 0.1 percent growth forecast in a Reuters survey of econom...

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