GDP

21 Apr 2011

GDP growth is expected to be much slower that over the coming year. The second earthquake to hit Christchurch, and the crisis faced by Japan, (New Zealand’s fourth-largest trading partner), have knocked out New Zealand’s slim prospects for a faster-paced growth economic growth in 2011. A general gathering of momentum focussed on the Christchurch re-build underpins our forecast for a »»

Musings from the misery guts

29 Sep 2009

I was called “a misery guts” last week, as I refused to participate in the party celebrating the end of the recession. Here are a few reasons why our celebrations should be somewhat muted, at best. 1. The much touted 0.1 percent represents a $27 million increase between the March and June quarters in seasonally-adjusted GDP measured in 1995/96 prices. This $27 million is made up »»

GDP - June 2009 Forecasts

14 Jul 2009

Real GDP growth has now been negative for the fourth quarter running, with a fall in economic activity of 0.9% recorded in the December 2008 quarter. Similar to last quarter, the fall in production-side GDP was led by the goods-producing industries. The goods producing industries were down 3.6%, driven mainly by a fall in manufacturing activity of 3.8%. Declines within the manufacturing »»

GDP BERL Forecasts March 2009

15 Apr 2009

[This article was written before the December 2008 quarter release, where GDP fell another 0.9 percent] The headline figure for the September 2008 quarter confirmed a third consecutive quarter of lower economic activity. On the production side, the 0.4 percent fall in GDP over the September quarter was led by a 5 percent fall in the non-agriculture primary sectors. A further decline was »»

GDP up 0.7% in June quarter ’07 and 2.2% on June year ‘07

02 Oct 2007

GDP increased 0.7 percent in the June 2007 quarter and 2.2 percent in the year ended June 2007. Service industries led the growth, with finance, insurance and business services industries accounting for over half of this quarter's increase. Domestic spending increased 1.5 percent in the June 2007 quarter, continuing on from the March 2007 quarter's strong growth. Manufacturing activity increased 0.5 percent this quarter. »»

1% GDP growth in the March 2007 quarter

17 Sep 2007

According to the production measure of GDP, economic activity increased 1% in the March 2007 quarter. The expenditure measure indicated an expansion of the order of 0.6%. We are forecasting GDP growth to register 0.8% in the June quarter, easing to 0.3% in the September quarter. This takes annual average GDP growth to 2.5% for the June year. The growth surge in the first half of the year eases slightly in the second half, as »»

December 06 quarter GDP 2.5% higher than year-earlier levels

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