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Gross Domestic Product: June 2016 quarter
Embargoed until 10:45am  –  15 September 2016
Key facts

Economic activity, as measured by gross domestic product (GDP), grew 0.9 percent in the June 2016 quarter. This follows a 0.9 percent increase in the March 2016 quarter.

The main movements by industry were:

  • construction was up 5.0 percent, after a 5.1 percent increase in the previous quarter. All construction sub-industries increased
  • rental, hiring, and real estate services was up 1.3 percent, on the back of a rising number of house sales
  • retail trade was up 1.9 percent, due to increased furniture, electrical, and hardware retailing, pharmaceutical and other store-based retailing, and food and beverage services
  • 11 of the 16 GDP industries increased in the June 2016 quarter.

Expenditure on gross domestic product grew 1.2 percent in the June 2016 quarter.

The main movements in GDE were:

  • household consumption expenditure was up 1.9 percent, driven by spending on services and durable goods 
  • investment in fixed assets was up 3.1 percent, due to increased investment in residential building and transport equipment
  • inventories ran down, due to a decrease in manufacturing inventories
  • exports of goods and services was up 4.0 percent, due to exports of dairy, fruit, crude oil, and meat. Exports of goods has the largest quarterly increase since 1998
  • imports of goods and services was up 2.6 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.

 Image showing GDP growth in the June 2016 quarter, by industry.

Image showing size of the economy and increases and decreases in GDP by component, June 2016 quarter.

Graph, Gross domestic product, quarterly and annual growth, June 2010 to June 2016.

Liz MacPherson, Government Statistician
ISSN 1178-0290
15 September 2016

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