The latest figures are consistent with New Zealand’s long-term growth trend.
The results are in line with expectations as export and domestic demand underpinned growth.
Current sentiment is positive though.
PSI shows 4% annual GDP growth.
"The UK lamb market is slowly becoming less pivotal to NZ exporters," AgriHQ analyst Reece Brick said.
There are pre-election business nerves but they will probably affect next quarter's GDP figures, not the data being released t week.
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