New Zealand's economy grew more than expected between July and September. 

But between April and June, it shrank more than previously thought. 

GDP rose 1.1% in the September quarter, surpassing all expectation but Stats NZ has revised the numbers for the June quarter, finding GDP actually fell 1%, not the previously-reported 0.9%. 

That means the economy shrank 0.5% in the year to September. 

NZ Herald Business Editor Liam Dann told Kerre Woodham the data is showing there’s some momentum in the economy, especially within manufacturing and business services. 

He says consumers take a bit longer to feel upbeat, but the business core of the economy is picking up.  

LISTEN ABOVE 

New Zealand's economy grew more than expected between July and September.&nbsp;
But between April and June, it shrank more than previously thought.&nbsp;
GDP rose 1.1% in the September quarter, surpassing all expectation but Stats NZ has revised the numbers for the June quarter, finding GDP actually fell 1%, not the previously-reported 0.9%.&nbsp;
That means the economy shrank 0.5% in the year to September.&nbsp;
NZ Herald Business Editor Liam Dann told Kerre Woodham the data is showing there’s some momentum in the economy, especially within manufacturing and business services.&nbsp;
He says consumers take a bit longer to feel upbeat, but the business core of the economy is picking up. &nbsp;
LISTEN ABOVE&nbsp;

Best of Business is the home of all things business at Newstalk ZB, from morning market updates right through to incisive interviews with New Zealand’s top business leaders and decision makers. 

Whether you’re a small business owner or interested in what’s going on in the Big End of Town, this podcast encompasses the sharpest voices and minds in the world of business.

Best of Business is the home of all things business at Newstalk ZB, from morning market updates right through to incisive interviews with New Zealand’s top business leaders and decision makers. Whether you’re a small business owner or interested in what’s going on in the Big End of Town, this podcast encompasses the sharpest voices and minds in the world of business.

Best of Business is the home of all things business at Newstalk ZB, from morning market updates right through to incisive interviews with New Zealand’s top business leaders and decision makers.

Best of Business

Liam Dann: NZ Herald Business Editor on the GDP rising by 1.1% in Q3

https://api.omny.fm/orgs/7784f840-c291-422a-924b-ad9000bbad71/clips/1402c871-294d-4b63-b271-b3b60184e2b6/transcript

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