New Zealand Economy

Income shock continues for NZ economy

Leith van Onselen
Friday, 17 June 2016
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By Leith van Onselen

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:

ScreenHunter_13615 Jun. 16 16.40

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.