New Zealand economy grows by 0.2%

The GDP in New Zealand recorded a growth of 0.2%. The GDP report can be found here.

The main points of the report are:

• agriculture was down 2.3 percent, due to lower milk production
• mining was down 7.8 percent, due to decreased exploration activity, and oil and gas extraction
• business services was up 2.1 percent, due to scientific, architectural and engineering, and veterinary services
• retail trade and accommodation was up 2.4 percent, as overseas tourist spending increased
• transport, postal, and warehousing was up 2.5 percent, due to international air transport.