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Gross Domestic Product: March 2016 quarter
Embargoed until 10:45am  –  16 June 2016
Key facts

Economic activity, as measured by gross domestic product (GDP), grew 0.7 percent in the March 2016 quarter.

The main movements by industry were:

  • construction was up 4.9 percent, due to growth in construction trade services, and heavy and civil construction – all construction sub-industries increased
  • health care and residential care was up 2.7 percent – both private and public health care were up
  • manufacturing was down 0.4 percent, due to decreased food, beverage, and tobacco manufacturing. 

Expenditure on gross domestic product grew 0.5 percent in the March 2016 quarter.

The main movements in GDE were:

  • investment in fixed assets was up 2.4 percent, due to increased investment in residential building and other construction (including roading and telecommunication investment)
  • household consumption expenditure was up 0.4 percent – spending on services, durable goods, and non-durable goods all increased
  • inventories built up $183 million, due to an increase in manufacturing inventories
  • exports of goods and services was down 1.0 percent, and imports of goods and services was up 0.2 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 March 2016 quarter by industry.

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

Graph, gross domestic product, quarterly and annual growth, March 2010 to March 2016.

Carol Slappendel, Acting Government Statistician
ISSN 1178-0290
16 June 2016

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