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19.03.2014 23:00:34
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New Zealand GDP Gains 2.7% In Q4
(RTTNews) - New Zealand's gross domestic product expanded 2.7 percent on year in the fourth quarter of 2013, Statistics New Zealand said on Thursday.
That was shy of forecasts for an increase of 3.1 percent following the 3.5 percent gain in the previous three months.
On a quarterly basis, GDP added 0.9 percent - in line with expectations and slowing from 1.4 percent in the third quarter.
The increase was paced by manufacturing (up 2.1 percent) and wholesale trade (up 3.2 percent).
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