17.12.202522:25:03UTC+00New Zealand GDP Up 1.3% YoY in Q3

New Zealand's economy experienced a 1.3% year-on-year expansion in the quarter ending September 2025, marking its first annual increase in five quarters. This turnaround follows a previous 1.1% contraction and aligns with anticipated outcomes. The revival was primarily fueled by a resurgence in primary industries, particularly notable in agriculture, forestry, and fishing, which grew by 2.5%, up from 1.1%. Additionally, the services sector demonstrated significant improvement, with a 1.6% rise compared to the previous quarter's 0.3%. Key contributors to this sector's performance were retail trade (3.5% growth), wholesale trade (3.3%), professional, scientific, technical, and administrative services (3.1%), and public administration and safety (2.5%). Although the goods-producing sector continued to decline, it did so at a markedly reduced rate (-0.9% versus -5.9%), buoyed by strong growth in utilities at 4.4%. On a quarterly basis, the economy saw a 1.1% expansion.