New Zealand's economy grows 2.7 percent in Q4


(MENAFN) New Zealand"s economy saw a significant growth in the fourth quarter of 2013 to reach 0.9 percent quarter-on-quarter, and 2.7 percent annual growth, according to Oman Observer



The country's manufacturing grew 2.1 percent in the fourth quarter



Statistics New Zealand said manufacturing reached its highest level since March 2006 as the economy recorded its 12th consecutive quarter of growth



Finance Minister Bill English said: "It compares with 0.6 per cent in the United States, 0.7 per cent in the United Kingdom and Canada, 0.8 per cent in Australia and 0.2 per cent in Japan.


MENAFN

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