GDP (QoQ) (New Zealand)
Considerable Slowdown in Q3
Starts Wednesday, March 20, 2019 at 21:45
Updated Thursday, March 14, 2019
The economic growth in New Zealand has averaged at around 0.6% in the last year, but the report released in September showed that the economy expanded by 1.0% in Q2, beating expectations of 0.8%. The GDP report released n December which showed the figures for Q3 was expected to come at 0.6% which would be a cooling off form the previous quarter. But, it surprised us when it came at 0.3%.Although, don't rule out another surprise since we have seen a few disappointing economic reports from New Zealand. Please follow us for live coverage of this event by experienced market analysts.
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About GDP (QoQ) (New Zealand)
Released by Statistics New Zealand, quarterly GDP represents the total value of all goods and services produced domestically. Agricultural output, tourism, tech, manufacturing and the export sector are major contributors to New Zealand’s GDP. Strong GDP numbers create bullish sentiment for the NZD, while weak ones are an indication of economic stagnation.