New Zealand GDP Expands 0.4% In Q4

(RTTNews) - New Zealand's gross domestic product was up 0.4 percent on quarter in the fourth quarter of 2016, Statistics New Zealand said on Thursday.

That missed forecasts for a gain of 0.7 percent following the downwardly revised 0.8 percent increase in the previous three months (originally 1.1 percent).

Business services added 1.7 percent, due to computer system design and related services and advertising, market research and management services.

Arts, recreation, and other services, climbed 3.8 percent, with repair and maintenance services the largest contributor.