New Zealand Gross Domestic Product (QoQ) above forecasts (0.7%) in 1Q: Actual (0.8%)

New Zealand's Gross Domestic Product (GDP) grew by 0.8% QoQ in the first quarter (Q1), compared with a 0.5% expansion (revised from 0.7%) in the fourth quarter, Statistics New Zealand showed on Thursday. This reading came in stronger than expectations of 0.7%.