Video | Agriculture | Confidence | Economy | Energy | Employment | Finance | Media | Property | RBNZ | Science | SOEs | Tax | Technology | Telecoms | Tourism | Transport | Search

 


Economic activity up 0.2 percent


Economic activity up 0.2 percent – Media release

Economic activity, as measured by gross domestic product (GDP), was up 0.2 percent in the September 2012 quarter, Statistics New Zealand said today. This growth follows revised growth of 0.3 percent in the June 2012 quarter.

The main movements by industry this quarter were:
• construction (up 4.5 percent), due to increases in residential and non-residential building, with Canterbury featuring in both
• manufacturing (down 1.1 percent), due to decreases in metal product and food and beverage manufacturing
• agriculture (down 2.8 percent), falling this quarter after higher than usual growth in the first six months of the year.

"The growth in the latest quarter was driven by construction," national accounts manager Rachael Milicich said.

Economic activity was up 2.5 percent for the year ended September 2012. Compared with the September 2011 quarter, economic activity was 2.0 percent higher in the September 2012 quarter.

The expenditure measure of GDP was up 0.2 percent in the September 2012 quarter. The main features of this growth were:
• Household consumption expenditure, which measures the volume of spending by New Zealand households, was flat this quarter (0.0 percent).
• Investment in fixed assets (down 1.8 percent). Increased investment in residential and non residential buildings was offset by a large decline in investment in plant, machinery, and equipment.
• Exports of goods and services (up 4.0 percent), mainly driven by a 27.7 percent increase in the volume of dairy product exports.

The size of the economy (in current prices) was $208 billion for the year ended September 2012.
--

Authorised by:
Geoff Bascand
Government Statistician

Published 20 December 2012

For more information about these statistics:
• Visit Gross Domestic Product: September 2012 quarter
• Open the attached files

Information release (PDF) Tables (Excel) Copy of this media release (PDF)

(See attached file: GrossDomesticProductSep12qtr.pdf)(See attached file: gdp-Sep12-alltables.xls)(See attached file: GrossDomesticProductSep12qtrMR.pdf)

GrossDomesticProductSep12qtrMR.pdf

Sep12alltables.xls

GrossDomesticProductSep12qtr.pdf

ENDS

© Scoop Media

 
 
 
 
 
Business Headlines | Sci-Tech Headlines

 

Petrol Burns Prices: Second Consecutive Quarterly Fall For CPI

The consumers price index (CPI) fell 0.3 percent in the March 2015 quarter, following a 0.2 percent fall in the December 2014 quarter, Statistics New Zealand said today. The last time the CPI showed two consecutive quarterly falls was in the December 1998 and March 1999 quarters. More>>

ALSO:

Scoop Business: NZ Broadcasters Launch Battle Against Global Mode ISPs

New Zealand broadcasters have confirmed they’ve launched legal proceedings against internet service providers who give customers’ access to “global mode”, which allows customers access to offshore online content, claiming it breaches the local content providers’ copyright. More>>

ALSO:

Sanford: Closure Of Christchurch Mussel Processing Plant Confirmed

The decision comes after a period of consultation with the 232 staff employed at the Riccarton site, who were told on 9 April that Sanford was considering the future of mussel processing in Christchurch. Recent weather patterns had impacted on natural spat (offspring) supply... More>>

ALSO:

Price Of Cheese: Dairy Product Prices Fall To The Lowest This Year

Dairy product prices fell in the latest GlobalDairyTrade auction, hitting the lowest level in the 2015 auctions so far, as prices for milk powder and butter slid amid concern about the outlook for commodities. More>>

ALSO:

Houston, We Have An Air Route: Air New Zealand To Fly Direct To The Heart Of Texas

Air New Zealand will fly its completely refitted Boeing 777-200 aircraft between Auckland and Houston up to five times a week opening up the state of Texas as well as popular nearby tourist states such as Louisiana and Florida. More>>

ALSO:

Scoop Business: Reserve Bank’s Spencer Calls On Govt To Rethink Housing Tax

The Reserve Bank has urged the government to take another look at a capital gains tax on investment in housing, allow increased high-density development and cut red tape for planning consents to address an over-heated Auckland property market. More>>

ALSO:

Get More From Scoop

 
 
 
 
 
 
 
 
 
Business
Search Scoop  
 
 
Powered by Vodafone
NZ independent news