360° Coverage : Drought slows New Zealand economic growth

7 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
7

2 weeks ago

Severe Drought In China’s Northern Bread Basket Threatens Harvests

Aug 15 2014 9:37am CDT | Source: BusinessWeek

Northeast China is the corn and wheat-growing region of the country. The worst drought since record keeping started is threatening the autumn harv ...
Source: BusinessWeek   Full article at: BusinessWeek
 

 
Update
6

4 weeks ago

10 cities running out of water

Aug 2 2014 5:48am CDT | Source: USATODAY

After multiple unusually dry years across the western, southern and central United States, more than 80% of California is now in a state of extreme or exceptional drought.   ...
Source: USATODAY   Full article at: USATODAY
 

 
Update
5

5 weeks ago

Ten Million Green Revolutions: African Agriculture's New Front Line

Jul 23 2014 10:06am CDT | Source: Forbes Real Time

Plastic water canisters are lined up in long queues outside the pump houses by the side of the road in Emali, Eastern Kenya. Dead stalks of maize stand all along the roadside, victim to a drought that has ruined crops across Makueni County. The kind of droughts ...
Source: Forbes Real Time   Full article at: Forbes Real Time
 

 
Update
4

7 weeks ago

Poor monsoon threatens first drought in five years

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

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 next w ...
Source: Reuters India   Full article at: Reuters India
 

 
Update
3

7 weeks ago

Poor monsoon threatens first drought in five years

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

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 ...
Source: Business Standard   Full article at: Business Standard
 

 
Update
1

7 weeks ago

Poor monsoon threatens first drought in five years

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

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 next w ...
Source: Reuters India   Full article at: Reuters India
 

 

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

Modi discusses sickle cell disease in Japan
Kyoto, Aug 31 (IANS) Indian Prime Minister Narendra Modi Sunday discussed cooperation with Japan to combat sickle cell anaemia, officials said.
 
 
Modi, Abe strike chord; Kyoto to help make Varanasi smart city (Intro Roundup)
Kyoto, Aug 30 (IANS) Warmth, mutual admiration and convergent views marked the meeting between Prime Minister Narendra Modi and his Japanese counterpart Shinzo Abe Saturday as India hoped the two sides would strive to achieve in five years the unrealised potential of the past five decades.
 
 
Modi, Abe strike chord, India hopes ties reach full potential (Roundup)
Kyoto, Aug 30 (IANS) Warmth, mutual admiration and convergence of views marked the meeting between Prime Minister Narendra Modi and his Japanese counterpart Shinzo Abe Saturday as India hoped the two sides would strive to achieve in five years the unrealised potential of five decades.
 
 
Modi in Japan: Kyoto-Varanasi partnership pact inked
Kyoto, Aug 30 (IANS) Indian Prime Minister Narendra Modi began a five-day visit to Japan Saturday, a day that saw the inking of a partnership agreement between Varanasi, one of the oldest continuously inhabited cities in the world, and Kyoto, which was the capital of Japan for over 1,000 years.
 
 
 

Latest from the Network

US sanctions not to hit n-talks: Iran
Tehran, Aug 31 (IANS) The new US sanctions against some Iranian entities will not hit negotiations over Tehran's nuclear programme, President Hassan Rouhani has said. The US Friday imposed sanctions on a number of...
Read more on Politics Balla
 
Modi visits Buddhist temples in Kyoto
Kyoto, Aug 31 (IANS) Indian Prime Minister Narendra Modi visited two prominent Buddhist temples here Sunday on the first full day of a five-day visit to Japan that will later him to Tokyo. Modi first went to the Toji...
Read more on Politics Balla
 
Modi discusses sickle cell disease in Japan
Kyoto, Aug 31 (IANS) Indian Prime Minister Narendra Modi Sunday discussed cooperation with Japan to combat sickle cell anaemia, officials said. An external affairs ministry spokesman said Modi discussed treatment of...
Read more on Apple Balla
 
Modi visits Toji temple in Kyoto
Kyoto, Aug 31 (IANS) Indian Prime Minister Narendra Modi visited the Toji Buddhist temple here Saturday. External affairs ministry officials said Modi went around the eighth century temple in the company of the chief...
Read more on Politics Balla
 
Top Saudi cleric warns against 'deceitful' jihad
Riyadh, Aug 31 (IANS) Saudi Arabia's top cleric Sheikh Abdulaziz Al-AsShaikh has given a call to Muslim youth against following "deceitful" claims of jihad by shadowy groups with deviant principles. Grand Mufti Sheikh...
Read more on Politics Balla
 
English Premier League standings
London, Aug 31 (IANS) Following are the English Premier League standings after Saturday's matches (tabulated under games played, won, drawn, lost, goals for, goals against, points), according to Xinhua. Chelsea...
Read more on Sport Balla
 
Taliban killed 11 people in Afghanistan
Kabul, Aug 31 (IANS) Taliban militants killed at least 11 civilians in Farah province of Afghanistan early Saturday, officials said. Jawid Afghan, a provincial governor spokeman, said the victims were on their way to...
Read more on Politics Balla
 
Lily Allen pens 'good' songs when unhappy
Los Angeles, Aug 31 (IANS) Singer Lily Allen believes she writes her songs well when she is not in the best of her moods. The 29-year-old took a break from the industry in 2009, when she married painter and decorator...
Read more on Celebrity Balla
 
Motherhood made Kim go less on make-up
Los Angeles, Aug 31 (IANS) Reality TV star Kim Kardashian believes in having picture perfect tresses and in looking good, but she says motherhood has sobered down her beautification routine. With her 14-month-old...
Read more on Celebrity Balla
 
At 17, Chloe Grace Moretz fights for roles
Los Angeles, Aug 31 (IANS) "If I Stay" actress Chloe Grace Moretz says she still struggles to land movie roles as she battles against 'ageism' in the film industry. The 17-year-old actress has starred in a string of...
Read more on Celebrity Balla