Scoop has an Ethical Paywall
Economy stronger than expected in 3Q
Economy stronger than expected in 3Q
Press
Statement
Hon. Jim Anderton
Minister for Economic
Development
The economy expanded for the thirteenth
consecutive quarter in the three months to the end of
September and the pace of growth was above economists'
expectations, Economic Development Minister Jim Anderton
said today.
"The economy grew by 1.5% in the three months to September 30, a very strong result, and was underpinned by strong internal demand, namely high household spending as well as solid business investment.
"This final reading for the year on our economy is reassuring and consistent with Treasury forecasts for ongoing sustainable growth in the next few years," Jim Anderton said.
Statistics New Zealand reported today that the production based measure of gross domestic product expanded 1.5% in the September Quarter from the June Quarter to stand 3.5% higher than a year earlier.
In the 12 months to the end of September, GDP expanded by 3.9%.
ENDS
Gordon Campbell: On The Coalition’s Awful, Not Good, Very Bad Poll Results
Koi Tu - The Centre for Informed Futures: If Not Journalists, Then Who?
FIRST Union: May Day, The Biggest Threat To NZ Workers In 2024 Is Our Government
Green Party: New Unemployment Figures Paint Bleak Picture 
Labour Party: National Should Heed Tribunal Warning And Scrap Coalition Commitment With ACT
Government: Saves Access To Medicines
Office of the Speaker: Law And Order, Finance, And Defence A Focus For Ukrainian Parliamentary Delegation To NZ
