新西兰经济在2025年第二季度环比收缩0.9%,扭转了上一季度向上修正的0.8%的增长,超过了市场预期的0.2%的下降。这场经济衰退结束了连续两个季度的经济增长,此前经济连续收缩。按行业划分,初级产出下降了0.3%(第一季度为+0.5%),而商品生产行业下降了(第二季度为-3.5%对+2.4%),其中采矿业(-4.1%对+1%)和制造业(-2.4%对+0.1%)大幅下降。服务业总体持平,运输、邮政和仓储(-0.6%对+0.6%)、医疗保健和社会援助(-0.7%对+1.7%)以及金融和保险服务(-0.5%对-0.5%)显著下降。相比之下,批发贸易(+1.4%对-0.4%)、信息媒体和电信(+1.8%对-0.8%)以及租赁、雇佣和房地产服务(+0.7%对+0.3%)均有所上涨。按年度计算,第二季度GDP收缩0.6%,与第一季度的下降速度相匹配。
New Zealand’s economy contracted by 0.9% quarter-on-quarter in Q2 2025, reversing an upwardly revised 0.8% expansion in the previous quarter and exceeding market expectations of a 0.2% decline. This downturn ended two straight quarters of growth that followed back-to-back contractions. By industry, primary output fell 0.3% (vs. +0.5% in Q1), while goods-producing industries dropped (-3.5% vs. +2.4% in Q1), led by steep declines in mining (-4.1% vs. +1%) and manufacturing (-2.4% vs. +0.1%). The services sector was broadly flat, with notable declines in transport, postal and warehousing (-0.6% vs. +0.6%), healthcare and social assistance (-0.7% vs. +1.7%), and financial and insurance services (-0.5% vs. -0.5%). In contrast, wholesale trade (+1.4% vs. -0.4%), information media and telecommunications (+1.8% vs. -0.8%), and rental, hiring and real estate services (+0.7% vs. +0.3%) posted gains. On an annual basis, GDP contracted 0.6% in Q2, matching the pace of decline in the first quarter.