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MNI BRIEF: NZ Economy Grows 0.7% Over Q4

MNI (MELBOURNE) - New Zealand’s economy exited recession over Q4, growing 0.7% q/q, 30 basis points higher than expected, and up from Q3’s 1% contraction, data from Stats NZ showed Thursday. 

GDP fell 0.5% y/y, down from Q3’s 0.1% increase, while expenditure on GDP rose 0.8%, following a 0.9% fall in the September 2024 quarter. 

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MNI (MELBOURNE) - New Zealand’s economy exited recession over Q4, growing 0.7% q/q, 30 basis points higher than expected, and up from Q3’s 1% contraction, data from Stats NZ showed Thursday. 

GDP fell 0.5% y/y, down from Q3’s 0.1% increase, while expenditure on GDP rose 0.8%, following a 0.9% fall in the September 2024 quarter. 

Keep reading...Show less