18 Sep 2025

Economy contracted in Q2

From Nine To Noon, 11:05 am on 18 September 2025

The economy contracted sharply in the second quarter of the year and GDP has now fallen in 3 of the last 5 quarters.

Stats NZ says gross domestic product, a broad measure of growth, fell 0.9 percent in the three months ended June, following a rise of 0.9 percent in the first quarter.

The numbers were higher than expectations. RNZ's business editor Gyles Beckford runs through the numbers. 

Generic farm - countryside

Primary production was one of the sectors that led the decline in the second quarter GPD figures.  Photo: RNZ