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Strong economic rebound in December quarter – Stats NZ
Thursday 17th of March 2022
It did however fall short of some bank forecasts.
The growth figure was 3.0 percent and followed a 3.6 percent fall in the September 2021 quarter, which was influenced by mid-year Covid lockdown.
Stats NZ says the rise in economic activity this quarter came as COVID-19 restrictions loosened.
It says the services industries led the increase in the December quarter, driven by business services and the retail trade sub-industry within retail trade, accommodation, and restaurants.
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