360° Coverage : Drought slows New Zealand economic growth

5 Updates
Drought slows New Zealand economic growth
Photo Credit: PHILIPPE HUGUEN, Getty Images

Drought slows New Zealand economic growth

Jun 20 2013, 2:18am CDT | by

Wellington, June 20 (IANS) New Zealand's economy grew by 0.3 percent in the March quarter, with the nationwide summer drought offsetting the effects of the reconstruction of the earthquake-battered Canterbury region, the government statistics agency reported Thursday.

Wellington, June 20 — New Zealand's economy grew by 0.3 percent in the March quarter, with the nationwide summer drought offsetting the effects of the reconstruction of the earthquake-battered...

Filed under: news

YouTube Videos

 
 
 

1 year ago

Drought slows New Zealand economic growth

Jun 20 2013, 2:18am CDT | by

Wellington, June 20 (IANS) New Zealand's economy grew by 0.3 percent in the March quarter, with the nationwide summer drought offsetting the effects of the reconstruction of the earthquake-battered Canterbury region, the government statistics agency reported Thursday.

Wellington, June 20 — New Zealand's economy grew by 0.3 percent in the March quarter, with the nationwide summer drought offsetting the effects of the reconstruction of the earthquake-battered Canterbury region, the government statistics agency reported Thursday.

The "modest growth" in GDP followed a rise of 1.5 percent in the December 2012 quarter, said a statement from Statistics New Zealand.

"The Canterbury rebuild boosted activity for construction and related services," GDP project manager Jason Attewell said in the statement, reported Xinhua.

"The rest of the economy was a mixed bag, but we are coming off very strong growth in the previous quarter."

A 5.5-percent growth in construction activity, driven by the Canterbury rebuild, led the growth, followed by a 3.9-percent rise in business services activity, also driven by Canterbury and the demand for architectural and engineering services.

However, the country's pillar agriculture sector saw a drop of 4.7 percent as a result of the drought, while information media and telecommunications activity was down 3.1 percent.

"We expect the drought will impact on the economy for several quarters, as lower herd numbers and conception rates will affect future production," Attewell said.

Economic activity for the year to the end of March was up 2.5 percent.

IANS

Source: IANS

 
Update
5

2 weeks ago

Near-drought conditions spread to SE Aust

Oct 7 2014 4:17am CDT | Source: NEWS.com.au

DRY conditions are spreading across eastern Australia, with warm and dry weather predicted for the rest of the year, the Bureau of Meteorol ...
Source: NEWS.com.au   Full article at: NEWS.com.au
 

 
Update
4

3 weeks ago

Bunnies emphatically break 43-year curse

Oct 5 2014 6:15am CDT | Source: Herald Sun

THE 43-year drought is over and the pride of the league is, once again, the pride of the league. Glory, glory to South Sydn ...
Source: Herald Sun   Full article at: Herald Sun
 

 
Update
3

6 weeks ago

Drought of a century grips west

Sep 13 2014 9:00am CDT | Source: The Courier Mail

IT’S tough in the west and it’s getting tougher with farming families in the grip of the worst drought since the 19th cen ...
Source: The Courier Mail   Full article at: The Courier Mail
 

 
Update
2

6 weeks ago

Australian Drought Savages Cotton Crop

Sep 9 2014 4:26am CDT | Source: IBTimes UK

New report warns cotton production could tumble by 29% for 2014-2015 harvest a ...
Source: IBTimes UK   Full article at: IBTimes UK
 

 

Don't miss ...

 

<a href="/latest_stories/all/all/8" rel="author">Luigi Lugmayr</a>
Luigi is the founding Chief Editor of I4U News and brings over 15 years experience in the technology field to the ever evolving and exciting world of gadgets. He started I4U News back in 2000 and evolved it into vibrant technology magazine.
Luigi can be contacted directly at ml@i4u.com. Luigi posts regularly on LuigiMe.com about his experience running I4U.

 

blog comments powered by Disqus

Latest stories

UN chief voices concern over Ebola-related restrictions
United Nations, Oct 28 (IANS) UN Secretary-General Ban Ki-moon has expressed concern about restrictions imposed by several countries and localities on travelers from major Ebola-affected countries, a spokesperson said here Monday.
 
 
Top US envoy to visits Liberia for Ebola talks
Monrovia, Oct 28 (IANS) The American Ambassador to the United Nations, Samantha Power, is expected to arrive in Monrovia, Liberia Tuesday as part of a tour to the three countries most affected by the Ebola epidemic.
 
 
US troops on anti-Ebola mission under observation in Italy
Washington, Oct 28 (IANS/EFE) A group of US soldiers on a mission in Liberia to fight Ebola are currently under preventive observation at the military base in Vicenza, Italy, military officials said.
 
 
Uganda sends more medical personnel to Ebola-hit West Africa
Kampala, Oct 28 (IANS) Uganda has sent additional 30 health workers to Ebola-hit West African countries to help combat the deadly hemorrhagic fever that has left thousands of people dead, a top government official said here Monday.
 
 
 

Latest from the Network

Shakira to launch toy line
Los Angeles, Oct 28 (IANS) Pop star Shakira is working on a range of baby toys, which will go on sale next month. The pregnant singer, who also has 21-month-old son Milan with boyfriend Gerard Pique, has teamed up...
Read more on Celebrity Balla
 
US troops on anti-Ebola mission under observation in Italy
Washington, Oct 28 (IANS/EFE) A group of US soldiers on a mission in Liberia to fight Ebola are currently under preventive observation at the military base in Vicenza, Italy, military officials said. US Gen. Darryl...
Read more on Politics Balla
 
Uganda sends more medical personnel to Ebola-hit West Africa
Kampala, Oct 28 (IANS) Uganda has sent additional 30 health workers to Ebola-hit West African countries to help combat the deadly hemorrhagic fever that has left thousands of people dead, a top government official said...
Read more on Business Balla
 
Uganda contains deadly Marburg outbreak
Kampala, Oct 28 (IANS) Uganda's health ministry Monday announced that it has contained the deadly Marburg outbreak which killed one health worker and left over 150 people quarantined. Jane Ruth Aceng, the Director...
Read more on Business Balla
 
Five killed in bomb attack in Baghdad
Baghdad, Oct 28 (IANS) At least five people were killed and 32 others wounded in a car bomb attack in the Iraqi capital city of Baghdad Monday evening, a police source said. A car bomb went off near a popular market...
Read more on Politics Balla
 
Hugh Jackman treated for third bout of skin cancer
Hugh Jackman has reportedly been treated for skin cancer for the third time. The 46-year-old actor recently underwent treatment for his third bout of basal cell carcinoma (BCC) in the space of 12 months. The 'Wolverine...
Read more on Celebrity Balla
 
Rihanna 'not looking' for a boyfriend
Rihanna isn't looking for a man. The 'Diamonds' hitmaker - who is currently single after splitting up from rapper Drake - has admitted she isn't looking for a boyfriend. Speaking at the launch of her new male fragrance...
Read more on Celebrity Balla
 
Mila Kunis's 'incredible baby journey'
Mila Kunis thinks having a baby is the ''start of an incredible journey''. The new mum - who recently had Wyatt Isabelle with fiancé Ashton Kutcher - has revealed that she marked the occasion by collaborating with...
Read more on Celebrity Balla
 
Sir Paul McCartney surprises college students
Sir Paul McCartney surprised students at a Florida college. The event where the 72-year-old Beatles frontman appeared was kept secret from the students until the last minute. Paul said: ''Doing this for the students was...
Read more on Celebrity Balla
 
'X Factor': Mel B cried out on Jake's elimination
London, Oct 28 (IANS) "X Factor" judge Mel B stormed off the stage in tears after Jake Quickenden was voted out of the competition. The former spice girl sent production staff into a panic before ITV2 sister show "...
Read more on Celebrity Balla