New Zealand’s gross domestic product (GDP) fell 0.9 percent in the June 2025 quarter, following a 0.9 percent increase in the March 2025 quarter, according to figures released by Stats NZ today.

Activity decreased in the June 2025 quarter across 2 out of 3 high-level industry groups: goods-producing industries fell 2.3 percent, and primary industries fell 0.7 percent. Service industries were flat.

“The 0.9 percent fall in economic activity in the June 2025 quarter was broad-based with falls in 10 out of 16 industries,” economic growth spokesperson Jason Attewell said. “GDP has now fallen in 3 of the last 5 quarters.”

Manufacturing down 3.5 percent in the quarter

Manufacturing was the largest contributor to the overall decrease in GDP, down 3.5 percent in the quarter.

The fall in manufacturing was led by transport equipment, machinery and equipment manufacturing, down 6.2 percent.

Food, beverage and tobacco manufacturing, down 2.2 percent, also contributed to the fall in manufacturing. This was reflected in decreased export volumes associated with this type of manufacturing, such as meat products.

Construction was down 1.8 percent in the June 2025 quarter, following a 1.2 percent increase in the March 2025 quarter.

“Construction activity fell across a range of measures in the June 2025 quarter, not just GDP. The value of building work put in place, a key input to GDP, fell 2.2 percent, and filled jobs in the construction industry fell 1.3 percent,” Attewell said.

Value of building work put in place: June 2025 quarter has more information about the value of building work put in place.

Business employment data: June 2025 quarter has more information about filled jobs by industry.

Rental, hiring and real estate services was the largest upward contributor to GDP, up 0.7 percent over the quarter.

GDP per capita fell 1.1 percent during the June 2025 quarter.

Expenditure GDP down 0.9 percent

The expenditure measure of GDP fell 0.9 percent during the June 2025 quarter, following a 1.2 percent rise in the March 2025 quarter. Exports were down 1.2 percent with falls in dairy, meat, and other food and beverage exports.

Household consumption expenditure rose 0.4 percent this quarter, with expenditure on durables and non-durables both up. Services were flat. The increased spending on durables was driven by rises for audio-visual equipment, such as televisions, computers, and telecommunication equipment.

출처 : Stats NZ