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Gross Domestic Product: June 2017 quarter
Embargoed until 10:45am  –  21 September 2017
Key facts

Economic activity, as measured by gross domestic product (GDP), grew 0.8 percent in the June 2017 quarter, following 0.6 percent growth in the March 2017quarter.

The main movements by industry were:

  • Retail trade and accommodation was up 2.8 percent, driven by an increase in accommodation and food and beverage services.
  • Manufacturing was up 1.8 percent, with food, beverage, and tobacco product manufacturing being the largest contributor.
  • Transport, postal, and warehousing was up 3.5 percent, due to road transport.
  • Construction was down 1.1 percent, with all construction industries decreasing.

Expenditure on gross domestic product grew 1.1 percent in the June 2017 quarter.

The main movements in GDE were:

  • Exports of goods and services was up 5.2 percent, due to exports of dairy products and higher tourist spending.
  • Household consumption expenditure was up 0.9 percent, driven by spending on services, and durable goods.
  • Inventories were run down $228 million, due to manufacturing inventories.
  • Investment in fixed assets was down 0.8 percent, due to lower investment in residential building, non-residential building, and other construction.
  • Imports of goods and services was up 0.6 percent, due to imports of intermediate goods and capital goods.

 GDP by component_2

Image showing size of the economy and increases and decreases in GDP by component, June 2017 quarter.

Liz MacPherson, Government Statistician
ISSN 1178-0290
21 September 2017

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