Gross Domestic Product: September 2012 quarter

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.