GDP announcement expected to show economic rebound

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Source: Radio New Zealand

RNZ / Rebekah Parsons-King

Numbers out today are likely to show the economy rebounded in the September quarter.

Gross domestic product – a broad measure of growth – is expected to have grown 0.9 percent in the three months, after a shock 0.9 percent fall in June.

Economists are predicting growth driven by agriculture, non-food manufacturing, residential construction and wholesale trade.

Their forecasts are substantially stronger than the Reserve Bank’s forecasts.

Stats NZ will release the data at 10.45am.

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– Published by EveningReport.nz and AsiaPacificReport.nz, see: MIL OSI in partnership with Radio New Zealand

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