Bloomberg News

New Zealand’s Economy Grew 0.1% in Second Quarter

September 21, 2011

Sept. 22 (Bloomberg) -- New Zealand’s economy grew less than economists predicted in the three months through June from the first quarter, the government statistics agency said today in Wellington.

Gross domestic product expanded 0.1 percent in the second quarter from the January-March period and gained 1.5 percent from a year earlier, the agency said. The median estimates in a Bloomberg News survey of economists were for a 0.5 percent quarterly increase and a 1.7 percent year-on-year rise.

To contact the reporter on this story: Tracy Withers in Wellington at twithers@bloomberg.net

To contact the editor responsible for this story: Brendan Murray at brmurray@bloomberg.net


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