New Zealand: Economy accelerates in Q3 as agriculture bounces back

In the third quarter, GDP increased a seasonally-adjusted 1.4% over the previous quarter, which was well above the revised 0.3% expansion observed in the second quarter (previously reported: +0.2% quarter-on-quarter). The expansion in Q3 exceeded the 1.1% increase the market had expected and marked the fastest pace since Q4 2009. Compared to the same quarter the previous year, GDP increased 3.5% in Q3 (Q2: +2.3% year-on-year).

Read more about New Zealander GDP.

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