UDPATE: NZ economy grows 1% in 3Q as primary sector keeps momentum going

Wed, 17 Dec 2014

(Updates with economist comment, detail on revisions in 3rd, 4th, 9th and 10th graphs) By Paul McBeth Dec. 18 (BusinessDesk) - New Zealand's economy grew at a faster pace than expected in the September quarter as a good start to the dairy season and increased oil and gas activity stoked activity. Gross domestic product expanded 1 percent to a seasonally adjusted $53.87 billion in the three months ended Sept. 30, ahead of the 0.7 percent forecast in a Reuters poll of economists and accelerating from the 0.7 percent pace in the June quar...

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