NZ: Q3 GDP rose by 0.3% - Westpac
Michael Gordon, senior economist at Westpac, points out that New Zealand’s GDP rose by 0.3% in the September quarter, less than forecast.
“The soft September result was partly payback for the 1% gain in June, which benefited from some one-off factors.”
“Revisions to the historic GDP data reveal that the economy has retained more momentum than previously thought, with annual growth running at around 3%.”
“Today’s results don’t alter our near-term outlook for the economy.”