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18 Mar 2015
New Zealand GDP Q4 beats estimates
FXStreet (Bali) - New Zealand Gross Domestic Product (Q4) came in at 0.8%, above expectations of 0.7%, with the yearly read also above expectations at 3.5% vs 3.3% expected.
Key facts
Economic activity grew 0.8 percent in the December 2014 quarter. Retail trade and accommodation up 2.3 percent, due to increased tourist spending. Rental, hiring, and real estate services up 1.2 percent, due to more house sales. Financial and insurance services up 1.1 percent, due to increased banking activity. Expenditure on gross domestic product:
Expenditure on GDP grew 1.1 percent in the December 2014 quarter. Exports of goods and services up 6.1 percent, driven by increased spending from overseas visitors. Household consumption expenditure up 0.6 percent, due to increased spending on services and durable goods. Inventories were built up $409 million, due to manufacturing and distribution inventories.
Key facts
Economic activity grew 0.8 percent in the December 2014 quarter. Retail trade and accommodation up 2.3 percent, due to increased tourist spending. Rental, hiring, and real estate services up 1.2 percent, due to more house sales. Financial and insurance services up 1.1 percent, due to increased banking activity. Expenditure on gross domestic product:
Expenditure on GDP grew 1.1 percent in the December 2014 quarter. Exports of goods and services up 6.1 percent, driven by increased spending from overseas visitors. Household consumption expenditure up 0.6 percent, due to increased spending on services and durable goods. Inventories were built up $409 million, due to manufacturing and distribution inventories.