NZ economy grows 0.9% in June quarter as building, housing market stoke activity

Wed, 14 Sep 2016

By Paul McBeth Sept. 15 (BusinessDesk) - New Zealand's economy grew at a slower-than-expected pace in the June quarter, partly reflecting an upward revision in the first quarter as the nation's massive pipeline of building activity and booming housing market continued to underpin activity. Gross domestic product grew 0.9 percent in the three months ended June 30, an unchanged pace from a revised March quarter, Statistics New Zealand said. That was slower than the 1.1 percent expansion predicted in a Reuters poll of economists, but ahead...

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