New Zealand: GDP Expands 1.3% Annually in Q4.

New Zealand’s economy expanded by 1.3% year-on-year in the three months to December 2025, marking its second consecutive annual growth. This followed a 1.1% expansion in the previous period and was less than the expected 1.7% growth. The rebound was driven by a recovery in primary industries, led by strong growth in agriculture, forestry, and fishing (0.5%, up from -0.1%). The services sector also strengthened markedly, rising 0.7% compared with 0.7% in the third quarter, supported by solid gains in retail trade (1.3%), wholesale trade (0.9%), financial and insurance services (1.5%), and public administration and safety (0.5%). Meanwhile, the goods-producing sector continued to contract but at a much slower pace (-0.4% versus 1.7%), with utilities posting robust growth of 0.7%. On a quarterly basis, the economy expanded by 0.2%.