6 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...

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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
6

1 week ago

Poor monsoon threatens first drought in five years

Jul 10 2014 9:39pm CDT | Source: Reuters India

Drought Turns California Landscape Brown
NEW DELHI (Reuters) - Weak rainfall in India since the start last month of the monsoon season, crucial to the country's agricultural earnings, has raised concerns of a first drought in five years, although weather experts are hopeful rains will revive in the nex ...
Source: Reuters India   Full article at: Reuters India
 

 
Update
5

1 week ago

Poor monsoon threatens first drought in five years

Jul 10 2014 9:39pm CDT | Source: Business Standard

Drought Turns California Landscape Brown
Weak rainfall in India since the start last month of the monsoon season, crucial to the country's agricultural earnings, has raised concerns of a first drought in five years, although weather experts are hopeful rains will revive in the next ...
Source: Business Standard   Full article at: Business Standard
 

 
Update
4

1 week ago

Poor monsoon threatens first drought in five years

Jul 10 2014 12:51pm CDT | Source: Reuters India

Drought Turns California Landscape Brown
NEW DELHI (Reuters) - Weak rainfall in India since the start last month of the monsoon season, crucial to the country's agricultural earnings, has raised concerns of a first drought in five years, although weather experts are hop ...
Source: Reuters India   Full article at: Reuters India
 

 
Update
3

5 weeks ago

Waterproofing begins to fight weak monsoon

Jun 11 2014 2:05pm CDT | Source: Business Standard

Drought Turns California Landscape Brown
Centre to take up drought-relief measures with states ...
Source: Business Standard   Full article at: Business Standard
 

 
Update
2

6 weeks ago

Drought vs. legislatures: Drought is winning

Jun 5 2014 10:38am CDT | Source: CNBC

Drought Turns California Landscape Brown
State and federal legislation proposed to ease the hardships caused by the severe drought may be too little ...
Source: CNBC   Full article at: CNBC
 

 

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<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.

 

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