The Government says the latest GDP figures show a stronger quarter for the New Zealand economy, with manufacturing leading the lift in activity.
The release says the result reflects renewed momentum in parts of the productive economy, with manufacturing playing a key role in quarterly growth.
Ministers say the data points to an economy beginning to move in the right direction after a difficult period marked by cost pressures, weak confidence and subdued household spending.
The manufacturing sector’s performance is being highlighted as a positive sign for jobs, exports and regional economic activity, particularly in communities where processing, production and trade remain major employers.
The Government says the figures support its focus on rebuilding business confidence, backing investment and strengthening sectors that can drive long-term growth.
However, the wider economic picture remains under pressure, with households still facing high living costs and many businesses continuing to manage tight margins.
The latest figures are likely to be closely watched by workers, employers and political parties as debate continues over the strength of the recovery and whether growth is being felt by whānau.
The Government says its priority is to build on the stronger quarter by supporting productive industries, reducing barriers to investment and creating conditions for more jobs and higher incomes.
For Māori and regional communities, the challenge will be ensuring any economic lift translates into real opportunities, including stable employment, skills training, business development and investment in local economies.
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