Gordon Campbell | Parliament TV | Parliament Today | News Video | Crime | Employers | Housing | Immigration | Legal | Local Govt. | Maori | Welfare | Unions | Youth | Search


GDP growth steady at 0.6 percent

20 June 2019

Gross domestic product increased 0.6 percent in the March 2019 quarter, following a 0.6 percent rise in the December 2018 quarter, Stats NZ said today.

“Construction was the main contributor to GDP growth this quarter, rising 3.7 percent, on top of a 2.2 percent increase in the previous quarter,” national accounts senior manager Gary Dunnet said.

The increase in construction reflected higher investment in both residential and non-residential buildings.

The strong contribution from construction was tempered by subdued results in the service industries, which represent about two-thirds of the economy. Service industries experienced their lowest quarterly growth since the September 2012 quarter, rising 0.2 percent this quarter.

Service industries that recorded increases were health care and social assistance; transport, postal, and warehousing; and financial and insurance services. These rises were offset by falls in retail trade and accommodation; rental, hiring, and real estate services; and information media and telecommunications.

The small rise in the service industries was in line with household expenditure on services during the quarter. Household expenditure on services increased 0.3 percent, the lowest quarterly increase since the December 2014 quarter.

GDP per capita was up 0.1 percent in the March 2019 quarter.

Annual GDP growth for the year ended March 2019 was 2.7 percent, while the size of the economy in current prices was $296 billion.

Text alternative for Gross domestic product, industry growth and contribution to growth, March 2019 quarter

Image shows a column graph, pie chart, and bar chart showing growth, share of the economy, and contribution to growth in the March 2019 quarter for the primary, goods-producing, and services industries. Column chart shows the service industries grew 0.2 percent, goods-producing grew 2.0 percent, and primary declined 0.7 percent. Pie chart shows that service industries make up about two-thirds of GDP, goods-producing about one-fifth and primary about one-twentieth. Bar chart shows industry contribution to the GDP growth rate: primary 0.0 percentage points, goods-producing 0.4 percentage points, and services 0.1 percentage points.


See Gross domestic product: March 2019 quarter video.

The Government Statistician authorises all statistics and data we publish.

For more information about these statistics:
• Visit Gross domestic product: March 2019 quarter
• See CSV files for download


© Scoop Media

Parliament Headlines | Politics Headlines | Regional Headlines


Gordon Campbell: On Trump’s Open White Nationalism

At one level, this has been the week that the Republican Party of Abraham Lincoln – which once led a civil war that ended the slave economy of the South – has now defined itself openly as being the party of white nationalism.

By telling those four elected, American born and/or raised women of colour to “go home”, US President Donald Trump’s racist agenda has come out of the shadows. More>>


RNZ: Trades Hall Bombing Case Re-Opened, Evidence Released

The cold case has been reopened and the police have recently revealed more details about the bomb's components - including that it was wrapped in a 1977 edition of The Evening Post. More>>

Safety: Govt Targets Fewer Deaths On The Road

“Most roads deaths and serious injuries are preventable and too many New Zealanders have lost their lives or been seriously injured in crashes that could have been prevented by road safety upgrades,” said Associate Transport Minister Julie Anne Genter. More>>


Pay Rise Delay: Teachers Unions Plan Legal Action Against Novopay

Both of the teachers unions - NZEI and the PPTA - have confirmed they will be taking legal action against Novopay. More>>


Emission Statement: 'Consensus Reached' On Agriculture

Today the Government launched a consultation document, informed by the work of the Interim Climate Change Committee (ICCC), on how to bring agriculture into the emissions trading scheme, a key part of the Government’s plan to tackle climate change and reduce New Zealand’s emissions. More>>


Gordon Campbell: On What’s Wrong With Wellington

For many Wellingtonians, it hasn’t been the normal hardships – the workings of central government and the lousy weather – that have recently pushed their tolerance into the red zone. It has been the inability of local government to maintain even the basics. More>>


$1m Compensation Paid: First Gun Ban Event In Christchurch

The Police Minister says the first ever firearms collection event in Christchurch over the weekend was a huge success. But Stuart Nash had concerns about whether the participation reflected the number of weapons in the region. More>>


The Kids: Youth Parliament 2019 Event Kicks Off

120 Youth MPs and 20 Youth Press Gallery members have gathered in Wellington to attend the two-day Youth Parliament event ... More>>


Friends Like These: Foreign Minister To Visit USA

Deputy Prime Minister and Foreign Affairs Minister Winston Peters will travel to Washington D.C. today for talks with senior members of the US Administration, and to attend the Ministerial to Advance Religious Freedom. More>>


Gordon Campbell: On The Aussie Banks’ Latest Fee Hike Excuse

When the Reserve Bank sought feedback on its plans to require the country’s major banks to raise their capital reserves then you might have expected the banks to whine and complain. And so they have. More>>





InfoPages News Channels