GDP climbs 1.6% in March 2021 quarter after December drop
Gross domestic product (GDP) grew 1.6% in the March 2021 quarter, following a 1.0% decline in the December 2020 quarter, Stats NZ reported today.
“After a slowdown in economic activity in the December quarter, we saw widespread growth in the first quarter of 2021. This despite Auckland being on level 3 alert for 10 days and restrictions continuous borders, ”said the head of national accounts. said director Paul Pascoe.
The service industries, which make up about two-thirds of New Zealand’s economy, contributed the most to the result.
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