Economic activity, as measured by gross domestic product (GDP), grew 0.9 percent in the September 2015 quarter.
The main movements by industry were:
- manufacturing was up 2.8 percent, due to food, beverage, and tobacco manufacturing
- business services was up 2.0 percent, due to legal and accounting services
- construction was down 2.9 percent, due to heavy and civil construction
- retail trade was up 1.6 percent, due to motor vehicle and parts retailing, furniture, electrical, and hardware retailing, and food and beverage services
- transport was up 2.6 percent, due to road transport, transport support services, and air transport.
- wholesale trade was up 2.2 percent, due to basic material, grocery and liquor, and other goods wholesaling.
Expenditure on gross domestic product grew 1.2 percent in the September 2015 quarter.
The main movements in GDE were:
- household consumption expenditure was up 0.6 percent, due to audio-visual equipment, grocery, and restaurant meals and ready-to-eat food.
- investment in fixed assets was up 2.7 percent, due to transport equipment and plant, machinery, equipment.
- exports of goods and services was up 1.9 percent, while imports of goods and services was down 2.8 percent.
See commentary for more detailed analysis.
See gross domestic product visualisation, an interactive tool showing quarterly changes in the production of the different industries in New Zealand's economy.
Liz MacPherson, Government Statistician
17 December 2015