*NEW ZEALAND Q1 GDP GROWTH RATE Y/Y 2.4%, EST. 0.9%
Stats NZ:
The services industries, which represent about two thirds of New Zealand's economy, made the largest contribution to the result.
Higher activity was also seen in the business services, health care and social assistance, and information media and telecommunications industries in the March 2021 quarter.
Construction rebounded 6.6 percent after a fall of 8.4 percent in the December 2020 quarter. Construction services, heavy and civil engineering construction, and residential building construction all contributed strongly.
Comments