NZ economy grows 0.6% in third quarter as construction ticks up

Wed, 20 Dec 2017

By Rebecca Howard Dec. 21 (BusinessDesk) - New Zealand's economy expanded in the third quarter, albeit at a slower pace, as ongoing weak activity in the primary sector offset a strong recovery in construction and growth in the services industries was softer. Gross domestic product expanded 0.6 percent in the three months to Sept. 30 versus a revised 1 percent expansion in the June quarter and was 2.7 percent higher on the year, Statistics New Zealand said. Economists had expected GDP to expand 0.6 percent in the quarter and 2.4 percent on...

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