ONLY CHARTS #290
NZ Q4 GDP
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1. New Zealand’s Q4 GDP rose +0.7% q/q after falling sharply over the prior two quarters. GDP declined 1.1% over the year, with the largest fall in construction output (-10.8% y/y).
This was stronger than both consensus and RBNZ expectations.
All measures of New Zealand’s real GDP rose in Q4.
2. Domestic demand rose +0.6% q/q in Q4 but remained well below the peak two years ago.
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