New Zealand enjoys GDP bump of 0.8 per cent in QI
However, the Kiwi economy is still 1.1 per cent smaller than it was this time last year, such was the damage from a 2024 recession.
On Thursday, Stats NZ revealed growth figures for Q1 2025, which improved on predictions from the Reserve Bank of an 0.4 per cent uptick.
"Nine of the 16 industries increased, with the largest rises in business services and manufacturing," spokesperson Katrina Dewbery said.
The quarterly jump is the best result in almost two years, with GDP per capita was also up in the March quarter, growing by 0.5 per cent.
New Zealand's economy is rebounding towards better health, posting 0.8 per cent GDP growth in the first three months of the year.
However, the Kiwi economy is still 1.1 per cent smaller than it was this time last year, such was the damage from a 2024 recession.
On Thursday, Stats NZ revealed growth figures for Q1 2025, which improved on predictions from the Reserve Bank of an 0.4 per cent uptick.
"Nine of the 16 industries increased, with the largest rises in business services and manufacturing," spokesperson Katrina Dewbery said.
The quarterly jump is the best result in almost two years, with GDP per capita was also up in the March quarter, growing by 0.5 per cent.
New Zealand's economy is rebounding towards better health, posting 0.8 per cent GDP growth in the first three months of the year.
However, the Kiwi economy is still 1.1 per cent smaller than it was this time last year, such was the damage from a 2024 recession.
On Thursday, Stats NZ revealed growth figures for Q1 2025, which improved on predictions from the Reserve Bank of an 0.4 per cent uptick.
"Nine of the 16 industries increased, with the largest rises in business services and manufacturing," spokesperson Katrina Dewbery said.
The quarterly jump is the best result in almost two years, with GDP per capita was also up in the March quarter, growing by 0.5 per cent.
New Zealand's economy is rebounding towards better health, posting 0.8 per cent GDP growth in the first three months of the year.
However, the Kiwi economy is still 1.1 per cent smaller than it was this time last year, such was the damage from a 2024 recession.
On Thursday, Stats NZ revealed growth figures for Q1 2025, which improved on predictions from the Reserve Bank of an 0.4 per cent uptick.
"Nine of the 16 industries increased, with the largest rises in business services and manufacturing," spokesperson Katrina Dewbery said.
The quarterly jump is the best result in almost two years, with GDP per capita was also up in the March quarter, growing by 0.5 per cent.
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