Gross Domestic Product: September 2012 quarter

Embargoed until 10:45am  –  20 December 2012
Media release  – 
Economic activity up 0.2 percent

Key facts

Gross domestic product (GDP):

  • Economic activity increased 0.2 percent in the September 2012 quarter.
  • Construction activity (up 4.5 percent) had the largest upward movement this quarter.
  • Manufacturing (down 1.1 percent) had the largest decline.
  • Economic activity for the year ended September 2012 was up 2.5 percent.

Expenditure on gross domestic product:

  • The expenditure measure of GDP was up 0.2 percent in the September 2012 quarter.
  • The volume of expenditure by New Zealand households was flat this quarter (0.0 percent).
  • Investment in fixed assets decreased 1.8 percent.
  • In current prices, expenditure on GDP was $208 billion for the year ended September 2012.

 

Geoff Bascand
Government Statistician

20 December 2012
ISSN 1178-0290