2 Aug 2011

NZ economic growth much stronger in Q1

5:43 am on 2 August 2011

The Treasury says economic growth in New Zealand was much stronger in the March quarter 2011 than expected and it expects that to continue.

In its monthly update, Treasury says the June quarter is expected to show growth of about 0.5%, which will continue for the rest of 2011.

Treasury says improving business confidence indicates that annual economic growth will continue to pick up in coming quarters.