Information for New Zealand financial progress within the July – September quarter of 2023 … may be very ugly.
The priors have been revised decrease from 0.9% q/q and 1.8% y/y.
Stats NZ spotlight the important thing drivers:
Downwards drivers -– change in manufacturing:
- Manufacturing was down 3.4 %
- Transport was down 4.5 %
- Building was down 1.7 %
- Wholesale commerce was down 1.9 %
Upwards drivers – change in manufacturing:
- Healthcare and social help was up 2.3 %
- Rental, hiring and actual property companies was up 1.0 %
