Accommodation driving GDP growth

Couple walk by a beachfront cafe in Northland.

Accommodation helped drive a 0.6 percent rise in New Zealand’s GDP in the December 2018 quarter.

“Growth this quarter was led by a 0.9 percent rise in service industries, while the goods-producing industries grew 0.2 percent,” said Gary Dunnet, national accounts senior manager, Stats NZ.

The retail and accommodation was the biggest contributor to a 2.5 percent growth in the service industries, driven mainly by the food and beverage services with higher household spending at restaurants and hotels.

Overall, it was the highest quarterly growth in retail and accommodation since 2011.