coffeebreakarcade|New Zealand GDP up 0.2 pct in Q1
WELLINGTON, June 20 (Xinhua) -- New Zealand's gross domestic product (GDP) rose 0coffeebreakarcade.2 percent in the March 2024 quarter, following two quarters of contraction, the statistics department Stats NZ said on Thursdaycoffeebreakarcade.
The December 2023 quarter saw a decrease of 0.1 percent in GDP, Stats NZ said, adding that the New Zealand economy in 2024's first quarter was stronger than economists had expected.
The growth was driven by rental, hiring and real estate services, up 0.9 percent, it said, adding that electricity generation drove a 2.9 percent increase in electricity, gas, water and waste services. Eight of the 16 industries rose this quarter, while falls were seen in construction, business services, and manufacturing, Stats NZ national accounts industry and production senior manager Ruvani Ratnayake said.
"While manufacturing fell overall, food and beverage manufacturing was up," Ratnayake said, adding that this was reflected in a rise of dairy product exports, such as milk powder.
GDP per capita decreased by 0.3 percent in the March 2024 quarter due to the growth in population. This was the sixth consecutive quarterly fall, he said.
Annually, GDP per capita fell 2.4 percent, he said.■
Tags:
Recommendations
- crashteamracingnitrofueledyuzu|Sudan dam collapse leaves at least 60 dead, hundreds missing
- onlinecasinowithfreesignupbonusrealmoney|Jordan launches initiative to support amputees in Gaza
- reelpennbattle35000|Feature: Bringing centuries-old tea experience to modern Taipei
- othercryptogames|Across China: Guarding greenery on northeast China's Changbai Mountain
- playslotsforrealmoneynodeposit|Villagers dry agricultural products in county of Yichun, E China
- casinoswithfreeplayfornewmembers|China's Gansu launches support policies for signature beef noodles industry
- firstpersonroulette|Aerial view of Harbin, China's "Ice City"
- pennpursuitthree|Across China: Wetland tourism heats up in China's "ice city"
- crashland|Explainer: China pilots housing pension system to enhance people's living quality
- xplaybetcasinonodepositbonus|Senior CPC official meets Cambodian deputy PM