14 Dec 2023

GDP falls back against expectations

From Nine To Noon, 10:55 am on 14 December 2023

The economy shrank in the third quarter as households spent less, exports fell, and manufacturing activity decreased.

Stats NZ data showed seasonally-adjusted gross domestic product (GDP) fell 0.3 percent in the three months ended September, compared to expectations of a 0.2 percent rise.

Kathryn speaks to RNZ business editor Gyles Beckford.

Reserve Bank window dedicated to Queen after her death

Photo: Supplied / Reserve Bank