NZ economy probably picked up pace in 1Q on dairy, meat processing

Sun, 17 Jun 2012

By Jonathan Underhill June 18 (BusinessDesk) – The New Zealand economy probably continued to pick up pace in the first quarter, reflecting record milk production and increased livestock sent for slaughter, affirming the nation remains on a modest recovery track. Gross domestic product grew 0.5 percent in the first three months of the year, based on a Reuters survey of 13 economists. That would continue the mild pick-up in growth after GDP rose 0.2 percent and 0.3 percent respectively in the final two quarters of 2011. A 0.5 percent pace wou...

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