New Zealand GDP increases 1.7 pct in Q2

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New Zealand GDP increases 1.7 pct in Q2

STORY: New Zealand GDP increases 1.7 pct in Q2 DATELINE: Sept. 16, 2022 LENGTH: 00:02:05 LOCATION: Wellington CATEGORY: ECONOMY SHOTLIST: 1. various of street view 2. various of a port 3. various of a production line of milk 4. various of a supermarket STORYLINE: New Zealand's gross domestic product (GDP) rose by 1.7 percent in the June quarter, following a 0.2 percent fall in the March 2022 quarter, the country's statistics department Stats NZ said on Thursday. The services industries, which make up about two thirds of the economy, were the main contributor to the increase, up 2.7 percent, Stats NZ said. In the June quarter, households and international visitors spent more on transport, accommodation, eating out, and sports and recreational activities, Stats NZ's industry and production senior manager Ruvani Ratnayake said. Overall household spending declined by 3.2 percent, driven by lower spending on goods such as used motor vehicles and audio-visual equipment, with a similar fall seen in re

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