FOREX TradingCharts.com

Financial News: New Zealand Q4 GDP Expands 0.5% On Quarter

New Zealand Q4 GDP Expands 0.5% On Quarter

03/18/2020 - 18:32:00 (RTTNews)

(RTTNews) - New Zealand's gross domestic product gained a seasonally adjusted 0.5 percent on quarter in the fourth quarter of 2019, Statistics New Zealand said on Thursday.

That matched expectations and was down from the upwardly revised 0.8 percent gain in the three months prior (originally 0.7 percent).

Service industries grew 0.6 percent on quarter, while growth in primary industries was up 0.5 percent and goods-producing industries grew 0.1 percent.

GDP per capita rose 0.2 percent, while real gross disposable national income was up 1.0 percent.

On a yearly basis, GDP was up 2.3 percent - unchanged from the previous quarter and surpassing expectations for a gain of 1.7 percent.

Seven of the 11 service industries recorded growth in the December 2019 quarter, led by rises in rental, hiring, and real estate services, and public administration and safety.

Increased household spending on durable goods (such as appliances and audio-visual equipment) provided a boost to retail trade. Similarly, increased household spending on services was reflected in growth in both telecommunications, and transport, postal, and warehousing services.

Service industry growth in the quarter was softened by falls in both professional, scientific, and technical services, and financial and insurance services.

Annual growth in the service industries has eased since the December 2016 year, down to 2.1 percent in the December 2019 year.

Primary industries were up 0.5 percent this quarter, driven by a 2.5 percent increase to mining. This growth was tempered by a 1.3 percent decline in agriculture as both livestock and dairy farming saw falls.

Goods-producing industries observed a modest 0.1 percent increase this quarter, led by rises in residential building, construction services, and electricity generation. These increases were offset by a 0.1 percent fall in manufacturing production.

For comments and feedback: contact editorial@rttnews.com

Copyright(c) 2020 RTTNews.com. All Rights Reserved

Market News provided by RTTNews

RECENT INTERNATIONAL FINANCIAL NEWS


China's Bank Lending Exceeds Expectations (01 hr(s), 23 min(s), 37 sec(s) ago)
(RTTNews) - China's bank lending increased more than expected in March, suggesting that measur ...Full Story»

Romania's Inflation Steady At 3% (02 hr(s), 07 min(s), 37 sec(s) ago)
(RTTNews) - Romania's consumer prices increased at a steady pace in March, data from the Natio ...Full Story»

Dutch Export Growth Slows For Second Month (02 hr(s), 47 min(s), 37 sec(s) ago)
(RTTNews) - The Netherlands' goods exports grew at a slower pace for a second consecutive mont ...Full Story»

France Industrial Output Rises More Than Expected (03 hr(s), 57 min(s), 37 sec(s) ago)
(RTTNews) - French industrial production grew more than expected in February, data from the statis ...Full Story»

France Industrial Output Rises At Slower Pace (04 hr(s), 07 min(s), 37 sec(s) ago)
(RTTNews) - French industrial production grew more than expected in February, data from the statis ...Full Story»

Eurogroup Agrees Rescue Package To Mitigate Covid-19 Downturn (04 hr(s), 13 min(s), 37 sec(s) ago)
(RTTNews) - Eurozone finance ministers agreed an emergency plan to mitigate the downturn caused by ...Full Story»

China's Inflation Eases In March; PPI Falls For Second Month (07 hr(s), 41 min(s), 37 sec(s) ago)
(RTTNews) - China's consumer price inflation slowed more-than-expected to a five-month low in ...Full Story»

China Inflation Slows To 4.3% In March (44 min(s), 23 sec(s) ago)
(RTTNews) - Consumer prices in China were up just 4.3 percent on year in March, the National Burea ...Full Story»

Search

INTERNATIONAL FINANCIAL NEWS

China's Bank Lending Exceeds Expectations

04/10/2020 - 07:37 AM (RTTNews)
(RTTNews) - China's bank lending increased more than expected in March, suggesting that measur ...Full Story>>

Romania's Inflation Steady At 3%

04/10/2020 - 06:53 AM (RTTNews)
(RTTNews) - Romania's consumer prices increased at a steady pace in March, data from the Natio ...Full Story>>

Dutch Export Growth Slows For Second Month

04/10/2020 - 06:13 AM (RTTNews)
(RTTNews) - The Netherlands' goods exports grew at a slower pace for a second consecutive mont ...Full Story>>

France Industrial Output Rises More Than Expected

04/10/2020 - 05:03 AM (RTTNews)
(RTTNews) - French industrial production grew more than expected in February, data from the statis ...Full Story>>

France Industrial Output Rises At Slower Pace

04/10/2020 - 04:53 AM (RTTNews)
(RTTNews) - French industrial production grew more than expected in February, data from the statis ...Full Story>>
Copyright © 2020. All market data is provided by Barchart Solutions. Information is provided "as is" and solely for informational purposes, not for trading purposes or advice. To see all exchange delays and terms of use, please see disclaimer.