Financial News: New Zealand GDP Expands 0.8% In Q1

New Zealand GDP Expands 0.8% In Q1

06/18/2025 - 19:14:00 (RTTNews)

(RTTNews) - New Zealand's gross domestic product expanded by a seasonally adjusted 0.8 percent on quarter in the first quarter of 2025, Statistics New Zealand said on Thursday.

That beat forecasts for an increase of 0.7 percent following the downwardly revised 0.5 percent gain in the previous quarter (originally 0.7 percent).

On an annualized basis, GDP fell 0.7 percent - again exceeding expectations for a decline of 0.8 percent following the downwardly revised 1.3 percent contraction in the three months prior (originally -1.1 percent).

The GDP annual average was down 1.1 percent on quarter after slipping 0.6 percent in the previous quarter. Expenditure was up 0.9 percent on quarter, up from 0.6 percent in the previous quarter.

For comments and feedback: contact editorial@rttnews.com

Market News provided by RTTNews

RECENT INTERNATIONAL FINANCIAL NEWS

U.S. Consumer Sentiment Reaches Five-Month High In July (55 min(s), 55 sec(s) ago)
(RTTNews) - After reporting a substantial rebound by U.S. consumer sentiment in the previous month ...Full Story»

U.S. Housing Starts Rebound More Than Expected In June (56 min(s), 55 sec(s) ago)
(RTTNews) - New residential construction in the U.S. rebounded by more than expected in the month ...Full Story»

U.S. Housing Starts Surge 4.6% In June, More Than Expected (50 min(s), 55 sec(s) ago)
(RTTNews) - New residential construction in the U.S. rebounded by more than expected in the month ...Full Story»

Italy Current Account Surplus Grows In May (12 min(s), 05 sec(s) ago)
(RTTNews) - Italy's current account surplus increased in May from the previous year, the Bank ...Full Story»

Eurozone Construction Output Falls 1.7% (33 min(s), 05 sec(s) ago)
(RTTNews) - Eurozone construction output declined at the fastest pace in nearly two-and-a-half yea ...Full Story»

Eurozone Current Account Surplus Surges (47 min(s), 05 sec(s) ago)
(RTTNews) - The euro area current account surplus increased sharply in May largely due to the rise ...Full Story»

Italy Construction Output Falls 1.4% (02 hr(s), 29 min(s), 05 sec(s) ago)
(RTTNews) - Italy's construction output decreased in May after recovering in the previous mont ...Full Story»

Malaysia GDP Growth Improves In Q2 (03 hr(s), 10 min(s), 05 sec(s) ago)
(RTTNews) - Malaysia's economic growth improved in the second quarter driven by strong domesti ...Full Story»