Neuseeland BIP Veränderung zum Vorjahr

New Zealand's economy contracted by 1.5% year-on-year in the three months to September 2024, much worse than the expected 0.4% decline, following a 0.5% contraction in the second quarter. This marks the lowest figure since the second quarter of 2020, driven by declines in goods-producing industries (-5.1% vs. -3.6% in Q2) and service industries (-0.7% vs. +0.5%). However, primary industries saw growth (+2% vs. +1.9% in Q2). On a quarterly basis, GDP fell by 1%, after an upwardly revised 1.1% decline in the previous quarter.