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TABLE-New Zealand posts 0.4 pct GDP growth in Q2

Published 17/09/2015, 08:59 am
© Reuters.  TABLE-New Zealand posts 0.4 pct GDP growth in Q2

WELLINGTON, Sept 17 (Reuters) - New Zealand's gross domestic product rose a seasonally adjusted 0.4 percent in the second quarter led by an increase in activity in the agriculture and mining sectors, official data showed on Thursday.

Economists polled by Reuters had forecast production-based growth of 0.5 percent for the quarter, to be 2.5 percent higher than a year ago. The Reserve Bank of New Zealand had forecast quarterly growth of 0.6 percent.

* Calculated as the sum of the four quarters ended in the quarter shown divided by the sum of the previous four quarters, then expressed as a percentage change. The full data is available at http://www.stats.govt.nz Third quarter GDP data will be released on Dec 17.

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