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16.03.2016 23:30:39
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New Zealand GDP Gains 0.9% In Q4
(RTTNews) - New Zealand's gross domestic product expanded 0.9 percent on quarter in the fourth quarter of 2015, Statistics New Zealand said on Thursday.
That beat forecasts for an increase of 0.7 percent following the 0.9 percent increase in the third quarter.
Individually, business services were up 1.5 percent due to growth in advertising, market research, and management services. Construction was up 2.5 percent.
On a yearly basis, GDP climbed 2.3 percent - again beating expectations for 2.1 percent and unchanged from the three months prior.
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