Our economy was well on the way to recovery, driven by a resurgence in manufacturing, before the fuel crisis hit. 

Stats NZ data out today shows GDP rose 0.8% in both the quarter and year to March. 

Equipment manufacturing, food production, accounting and businesses services, wholesale trade, and agriculture were all doing well. 

But mining had a big drop, as well as residential and non-residential construction. 

NZ Herald Business Editor Liam Dann joined Kerre Woodham to unpack the figure. 

LISTEN ABOVE 

Our economy was well on the way to recovery, driven by a resurgence in manufacturing, before the fuel crisis hit.&nbsp;
Stats NZ data out today shows GDP rose 0.8% in both the quarter and year to March.&nbsp;
Equipment manufacturing, food production, accounting and businesses services, wholesale trade, and agriculture were all doing well.&nbsp;
But mining had a big drop, as well as residential and non-residential construction.&nbsp;
NZ Herald Business Editor Liam Dann joined Kerre Woodham to unpack the figure.&nbsp;
LISTEN ABOVE&nbsp;

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Looking for actionable business insights all in one place? 
We're here to help you find a way with a curation of the &lsquo;best bits&rsquo; from top business podcasts. 
Save time searching; subscribe to the SME Stream where you can listen to relevant, timely, business-related content today.&nbsp;
&nbsp;

The SME Stream

Liam Dann: NZ Herald Business Editor on the GDP rising 0.8% in the March quarter

As business owners, you know how hard it is keeping up with your business, let alone the news. Join Wilhelmina O'Keeffe each week as she gives you a rundown of the biggest stories that could impact your business, so you can make informed decisions with expert advice. 


This week, The latest GDP figures are labelled the calm before the storm, a deal has been struck between the US and Iran so will that mean a road to recovery? Plus consumer confidence takes a hit, but retail spend is still up. 

As business owners, you know how hard it is keeping up with your business, let alone the news. Join Wilhelmina O'Keeffe each week as she gives you a rundown of the biggest stories that could impact your business, so you can make informed decisions with expert advice.&nbsp;
 This week,&nbsp;The latest GDP figures are labelled the calm before the storm, a deal has been struck between the US and Iran so will that mean a road to recovery? Plus consumer confidence takes a hit, but retail spend is still up.

The SME Stream Weekly Wrap - 18 June

New Zealand's continuing to feel the knock-on effects of continuing economic downturn - but is there light at the end of the tunnel? 

The latest data shows GDP rose 0.8 percent in the March quarter, before the fuel crisis started to hit.

However, EMA Head of Advocacy Alan McDonald is urging caution at this stage.

"Everyone's kind of hedging their bets a little, but those underlying good factors that were evident in those numbers...they're still there. But some of the intentions to hire and invest - understandably, it's gone on hold."

LISTEN ABOVE

New Zealand's continuing to feel the knock-on effects of continuing economic downturn - but is there light at the end of the tunnel?&nbsp;
The latest data shows GDP rose 0.8 percent in the March quarter, before the fuel crisis started to hit.
However, EMA Head of Advocacy Alan McDonald is urging caution at this stage.
"Everyone's kind of hedging their bets a little, but those underlying good factors that were evident in those numbers...they're still there. But some of the intentions to hire and invest - understandably, it's gone on hold."
LISTEN ABOVE

Alan McDonald: EMA Head of Advocacy on whether the economy will bounce back following US-Iran peace deal

New Zealand's economic recovery had been gaining momentum before the Iran war and fuel crisis hit.

Today's figures show GDP rose 0.8 percent in the March quarter.

That was driven by manufacturing, business services and wholesale trade, particularly production of equipment and food.

Newstalk ZB senior political correspondent Barry Soper says there's still indicators the economy could rebound - assuming the US-Iran peace deal holds up.

LISTEN ABOVE

New Zealand's economic recovery had been gaining momentum before the Iran war and fuel crisis hit.
Today's figures show GDP rose 0.8 percent in the March quarter.
That was driven by manufacturing, business services and wholesale trade, particularly production of equipment and food.
Newstalk ZB senior political correspondent Barry Soper says there's still indicators the economy could rebound - assuming the US-Iran peace deal holds up.
LISTEN ABOVE

Liam Dann: NZ Herald Business Editor on the GDP rising 0.8% in the March quarter

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