New Zealand GDP rises 0.3% in Q1
2013-06-20 11:32:28
New Zealand's gross domestic product was up 0.3 percent in the first quarter of 2013 compared to the previous three months, Statistics New Zealand said on Thursday.
That was shy of forecasts for an increase of 0.5 percent following the 1.5 percent gain in the fourth quarter of 2012.
On a yearly basis, New Zealand's GDP expanded 2.5 percent - in line with forecasts following the upwardly revised 3.2 percent gain in the previous three months (originally 3.0 percent).