NZ economy grows as architecture, engineering services pickup ahead of building boom

Thu, 19 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 demand for architecture and engineering services picked up ahead of the anticipated construction boom, trumping the impact of drought on agriculture. 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 econ...

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