Surprise at today's negative GDP figure.

It fell 0.3% in the three months to September, a switch from a revised 0.5% increase for the three months to June.

Stats NZ originally reported that quarter as a 0.9% growth.

Herald Business Editor at Large Liam Dann told Kerre Woodham that it's much gloomier than most expected.

He says most economists were predicting at least some growth.

LISTEN ABOVE

Surprise at today's negative GDP figure.
It fell 0.3% in the three months to September, a switch from a revised 0.5% increase for the three months to June.
Stats NZ originally reported that quarter as a 0.9% growth.
Herald Business Editor at Large Liam Dann told Kerre Woodham that it's much gloomier than most expected.
He says most economists were predicting at least some growth.
LISTEN ABOVE

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