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Statistics New Zealand yesterday released national accounts figures for the March quarter of 2016, with Gross domestic product (GDP) rising by 0.7% over the quarter to be up 2.4% year-on-year. The result followed a 0.9% rise in the December 2015 quarter:
The March quarter increase in GDP was driven by growth in construction, with the main industry movements being:
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About the author
Leith van Onselen is Chief Economist at the MB Fund and MB Super. He is also a co-founder of MacroBusiness.
Leith has previously worked at the Australian Treasury, Victorian Treasury and Goldman Sachs.
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