New Zealand saw its biggest jump in export volumes in 10 years in the second quarter, adding to signs the economy stabilized after starting the year in recession.
Export volumes rose 6.8% from the first quarter, Statistics New Zealand said Monday in Wellington. That’s the biggest gain since the fourth quarter of 2013. Import volumes fell 2.8%, suggesting net exports made a positive contribution to gross domestic product during the quarter.
The second-quarter GDP report is due Sept. 21 and economists will get a clearer read of the data from construction and manufacturing reports this week. Retail sales volumes fell more than expected, according to a report last month.
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