WELLINGTON: New Zealand’s gross home product (GDP) declined 0.2% in the first quarter from the earlier quarter due in half to a decline in the first industries sector, official information confirmed on Thursday.
The determine was under the median forecast from economists polled by Reuters, who anticipated production-based progress to extend 0.6% for the quarter.
Annual GDP rose 1.2%, under a Reuters ballot forecast of a 2.7% rise.- Reuters
