New Zealand sees broad-based growth as GDP rises 1 pct

Source: Xinhua | 2018-09-21

New Zealands gross domestic product (GDP) rose one percent in the June 2018 quarter, up from 0.5 percent last quarter, which is the largest quarterly rise in two years, the countrys statistics department Stats NZ said on Thursday.

Growth was broad-based, with 15 of 16 industries recording higher production. Mining was the only industry to decline, reflecting one-off factors, Stats NZ said.

The largest contribution to growth came from agriculture, up 4.2 percent, Hollows said, adding the real strength of services this quarter lay in a consistent performance across a range of industries.

GDP per capita was up 0.5 percent in the June 2018 quarter, following a flat quarter in March, statistics show.