Hamilton City Quarterly economic monitor - September 2019

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Gross domestic product (provisional)

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Highlights for Hamilton City

  • GDP (provisional) in Hamilton City was up 2.5% for the year to September 2019 compared to a year earlier. Growth was higher than in New Zealand (2.4%).
  • GDP (provisional) was $8,288 million in Hamilton City for the year to September 2019 (2010 prices).
  • Annual GDP growth in Hamilton City peaked at 4.2% in the year to March 2012.

National overview

The latest provisional estimates from Infometrics indicate economic growth continues to slow, with the economy expanding 2.4%pa over the 12 months to September 2019. Global growth expectations remain lower, particularly regarding China, other Asian economies, and Germany. No resolution has yet emerged in the US-China trade war, even as much bluster from other sides persists. Domestically, slowing private expenditure and falling business investment remains a drag on growth, and there are growing calls, and solidifying expectations, for increased government spending to be announced at the Half Year Economic and Fiscal Update (HYEFU) in December.