GDP per capita up 0.1% only
Stats NZ reports:
Gross domestic product increased 0.6 percent in the March 2019 quarter, following a 0.6 percent rise in the December 2018 quarter, Stats NZ said today.
“Construction was the main contributor to GDP growth this quarter, rising 3.7 percent, on top of a 2.2 percent increase in the previous quarter,” national accounts senior manager Gary Dunnet said.
The increase in construction reflected higher investment in both residential and non-residential buildings.
The strong contribution from construction was tempered by subdued results in the service industries, which represent about two-thirds of the economy. Service industries experienced their lowest quarterly growth since the September 2012 quarter, rising 0.2 percent this quarter. …GDP per capita was up 0.1 percent in the March 2019 quarter.
I guess it is better than declining, but only just.