MNI BRIEF: NZ GDP Beats Expectations At 0.9% Q/Q
New Zealand GDP increased faster than expected in the June quarter, growing 0.9% q/q, up from 0% in Q1, according to Stats NZ data released Thursday.
The market had expected 0.5% growth. The economy grew 1.8% annualised, up from 2.2% the previous quarter.
Expenditure on GDP rose 1.3% in Q3, following a 0.2% fall in the March quarter, the data showed.