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New Zealand’s economy gains momentum with strong retail sales, rising construction, and manufacturing, boosting hopes for a GDP rebound.
New Zealand’s economy shows broadening recovery momentum, with third-quarter retail sales up 1.9%—the largest gain in nearly four years—driven by lower interest rates, strong primary sector income, and rebounding tourism.
Card spending rose 7.7% in November, building consents jumped 24% from April’s low, and manufacturing PMI reached 51.4, signaling expansion.
These trends support expectations of a 0.9% quarterly GDP rise, potentially ending 18 months of annual contraction.
However, a 22% drop in global dairy prices since May threatens farmer income, and migration to Australia may limit population growth.
While growth is improving, risks remain, with analysts projecting a return to 2-3% annual growth by late 2026.
La economía de Nueva Zelanda gana impulso con fuertes ventas al por menor, aumento de la construcción y la manufactura, lo que aumenta las esperanzas de un repunte del PIB.