The New Zealand economy released today data on the annual and 3rd quarter GDP. Where the actual reading showed a contraction of 0.2% compared to the previous reading of 0.2% revised to 0.1%, where as forecasts referred to a rate of 0.1%.

As for the annual GDP the actual reading showed a growth rate of 1.5% compared to the previous reading of 1.9% revised to 1.8%, where as expectations where indicating a growth rate of 1.8%.