Thursday, October 2, 2014   

New Zealand economic growth fastest in 6 years
(06-19 13:10)

New Zealand's economy in the first quarter grew 3.8 percent, the fastest annual rate in more than six years.
According to the figures released by the Statistics New Zealand on Thursday, construction grew by 12.5 percent, led by Christchurch, which is rebuilding after a 2011 earthquake destroyed hundreds of buildings.
Home building activity was up by 31 percent in Christchurch and 12 percent elsewhere.
Exports were up 3.1 percent while household spending was flat.
New Zealand's growth has been stronger than in most developed nations, including Australia, the U.S. and Europe. That has prompted the country's central bank to hike interest rates on three occasions this year to 3.25 percent. --AP   
Other Business breaking news:
China eases home purchase restriction (09-30 18:12)
Eurozone inflation drops, unemployment steady (09-30 17:54)
Apple to launch iPhone 6 in China from October 17 (09-30 17:38)
German unemployment rate steady in September: official data (09-30 16:44)
Hang Seng plunges ahead of holidays (09-30 16:36)
French public debt over 2.0 trillion euros for first time: data (09-30 14:59)
German retail sales climb in August (09-30 14:25)
China September PMI misses estimate: HSBC (09-30 14:05)
China clears way for Apple iPhone 6 sales: regulator (09-30 13:50)
Hang Seng falls by lunch (09-30 12:27)

More breaking news >>

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