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New Zealand GDP Climbs 0.6% In Q4

New Zealand’s gross domestic product advanced a seasonally adjusted 0.6 percent on quarter in the fourth quarter of 2018, Statistics New Zealand said on Thursday.

That was in line with expectations following the 0.3 percent gain in the previous three months.

Individually, service industries grew 0.9 percent, driving economic growth, while agriculture, forestry, and fishing industry was down 0.6 percent and construction was up 1.8 percent

On a yearly basis, GDP gained 2.3 percent – shy of expectations for 2.5 percent and slowing from 2.6 percent in the three months prior.

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