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GDP climbs 1.6 percent in March 2021
quarter following December dip

– Media release

17 June 2021

Gross domestic product (GDP) rose by 1.6
percent in the March 2021 quarter, following a 1.0 percent fall in the
December 2020 quarter, Stats NZ said today.

“After an easing of economic activity
in the December quarter, we’ve seen broad-based growth in the first quarter
of 2021. This is despite Auckland being in alert level 3 lockdown for 10
days, and continued border restrictions,” national accounts senior
manager Paul Pascoe said.

The services industries, which represent
about two thirds of New Zealand’s economy, made the largest contribution
to the result.

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