Neuseeland - BIP-Wachstum

The New Zealand economy advanced 0.5 percent on quarter in the three months to June 2019, slowing from a 0.6 percent expansion in the previous period but beating market expectations of 0.4 percent. The services sector, which represents about two-thirds of the economy, was the main contributor to GDP, increasing 0.7 percent (vs 0.3 percent in Q1), of which retail trade & accommodation (0.7 percent vs -0.6 percent); transport, postal & warehousing (1.8 percent vs 1.2 percent); and financial & insurance services (0.8 percent vs 0.7 percent). Also, primary industries rose 0.7 percent, rebounding from a 0.5 percent contraction, driven by agriculture, forestry & fishing (1.6 percent vs -2 percent). Meanwhile, the secondary sector shrank 0.2 percent (vs 1.9 percent in Q1), due to manufacturing (-0.8 percent vs 1.2 percent) and construction (-0.8 percent vs 1.9 percent). On a yearly basis, the GDP advanced 2.1 percent, easing from a 2.5 percent expansion in Q1.

The New Zealand economy advanced 0.6 percent on quarter in the first three months of 2019, matching a 0.6 percent expansion in the previous period and market forecasts. Construction was the main contributor to GDP growth this quarter, rising 3.7 percent, up from a 2.2 percent increase in the previous quarter, with both residential and non-residential buildings rising. In contrast, services edged up 0.2 percent, dragged by falls in retail trade and accommodation; rental, hiring, and real estate services; and information media and telecommunications. Meantime, manufacturing rebounded 1.4 percent after shrinking 0.4 percent and utilities rebounded 0.1 percent following a 0.6 percent contraction. On a yearly basis, GDP advanced 2.5 percent year-on-year in the first quarter of 2019, matching the upwardly revised 2.5 expansion of the previous period (original: 2.3 percent) and slightly above expectations of 2.5 percent.

The New Zealand economy advanced 0.6 percent on quarter in the fourth quarter of 2018, following a 0.3 percent expansion in the previous period and matching market forecasts. The services sector grew 0.9 percent, faster than a 0.5 percent expansion in the third quarter, mainly driven by retail trade & accommodation (2.5 percent vs 0.6 percent in Q3), transport (3.2 percent vs 0.1 percent), real estate (1.1 percent vs 0.2 percent), public administration (1.8 percent vs 1.5 percent) and information & communication (1.6 percent vs -0.3 percent). Also, industrial activities expanded 0.2 percent (vs -0.9 percent in Q3), boosted by construction (1.8 percent vs -0.6 percent). In contrast, the primary sector shrank 0.8 percent (vs 2.3 percent in Q3), of which agriculture (-0.6 percent vs 0.8 percent) and mining (-1.7 percent vs 12.7 percent). Year-on-year, the economy grew 2.3 percent, slowing from 2.6 percent in the prior quarter, recording the weakest growth rate since Q4 2013.