Strong growth in service industries saw gross domestic product (GDP) rise 0.7% in the June 2014 quarter, says Statistics New Zealand.
The result has lifted annual growth to 3.9% – the strongest for 10 years.
Overall, services increased 1.4%, the highest growth since the December 2006 quarter. Business services (up 4.2%) was the main driver, although accommodation and food services increased 3.0%. Continue reading “Services lead to growth in GDP” »