Source: MIL-OSI Submissions
GDP rises 3.0 percent in the December 2021 quarter– Media release
17 March 2022
Gross domestic product (GDP) rose by 3.0 percent in the December 2021 quarter, following a 3.6 percent fall in the September 2021 quarter, Stats NZ said today.
The rise in economic activity this quarter came as COVID-19 restrictions loosened. This contrasted with the September 2021 quarter, which was marked by the nationwide alert level 4 lockdown in the second half of the quarter.
The services industries led the increase in December 2021 quarter GDP, driven by business services and the retail trade sub-industry within retail trade, accommodation, and restaurants.
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