18.03.2015 23:00:38

New Zealand GDP Expands 0.8% In Q4

(RTTNews) - New Zealand's gross domestic product gained 0.8 percent on quarter in the fourth quarter of 2014, Statistics New Zealand said on Thursday.

That was in line with expectations and down from the 1.0 percent gain in the third quarter.

Retail trade and accommodation climbed 2.3 percent, due to increased tourist spending, the bureau said.

On a yearly basis, GDP expanded 3.3 percent - slightly below forecasts for 3.4 percent but up from 3.2 percent in the previous three months.