March 26 GDP results encouraging

Written By Kim Manunui

With the Stats NZ first quarter, March 2026 Gross Domestic Product ( GDP ) results announced on June 18 showing strong results with 0.8% growth, this is a clear sign of sustained recovery in the New Zealand economy, GDP being the key metric of economic health. 

Buoyed by strong results in primary industries, wholesale trade, manufacturing, and the services sector, it continues an upward trend since June 25 while outperforming trading partners of US, UK, EU, Japan and Australia. 

We’re encouraged by the state of the economy that’s produced these results. This means, the hard work that was done to bring us back to positive growth has paid off, entering a new chapter of economic prosperity. 

That is, of course, historical data taking us up to March 26. Since then, we’ve entered into another phase with geopolitical events placing upward pressure on inflation that need to be addressed. 

With the next OCR announcement on 8th July and inflation figures on 21st July, we’re expecting a slight increase in both for a few months which will affect interest rates accordingly, as inflation abates once things settle down in the Middle East. 

Some economists are touting OCR up to 3% by the end of the year as its happy place of neither stimulative nor restrictive. The Reserve Bank however, have their hand on the levers and are the ones that make the decisions and they appear to be more in stimulative mode as the economy continues to grow. 

So watch this space, the good news is the framework is in place for economic recovery to resume once the effects of the Middle East abate, we’ll just be parked at the terminal for a bit to offload some excess baggage then continue our journey, on hold until cleared for take-off. 

Click on the following link to Stats NZ reports with all the numbers >>>  https://www.stats.govt.nz/indicators/gross-domestic-product-gdp 

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Kim Manunui

Hi, I’m Kim and I work with a great team to help individuals, as well as small and not so small businesses get their message, product and services to the world using digital media and creating wonderful websites that don’t cost the earth.

I was born in Canada, and grew up around Vancouver and the mountains of British Columbia. My love of pristine environments led me to New Zealand and eventually to the mountains, lakes and rivers of the central North Island which is home. My family’s heritage is here, and it’s from here that Korio traverses the planet.

The digital world is never static and neither are we.

And I say ‘we’ because I work with an awesome group of talented people who I gather together as required to complete a project.  Whatever your business, not-for-profit or individual needs are we gather the best team to get the job done.

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If you have an audience and market to reach, we can make that happen. Creative design, words that work and smart behind the scenes stuff that cuts through the online noise. We’ll design your website and then build it. We’ll manage the content as well as all your hosting needs. We can handle your online advertising so you get noticed,
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