TABLE-NZ Q3 gross domestic product falls 0.4 pct

New Zealand's gross domestic
product fell 0.4 percent in the third quarter on a seasonally
adjusted basis, according to official data on Tuesday.

Economists polled by Reuters had a median forecast for a fall
of 0.5 percent on the previous quarter, and also a decline of 0.1
percent on an annual average basis. The Reserve Bank of New
Zealand had forecast a quarterly fall of 0.3 percent.

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Production-based GDP, qtr-on-qtr s/adj chain volume series:
Sept 2008 qtr Jun 2008 qtr Sept 2007 qtr
-0.4 pct -0.2 pct +0.7 pct
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S/adj change in chain-volume series vs yr-ago quarter:
Sept 2008 qtr Jun 2008 qtr Sept 2007 qtr
-0.1 pct +1.0 +3.4 pct
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Real annual average change*
Sept 2008 qtr Jun 2008 qtr Sept 2007 qtr
+1.7 pct +2.5 pct +2.8 pct
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Expenditure-based GDP, s/adj change in chain-volume prices
from previous qtr:
Sept 2008 qtr Jun 2008 qtr Sept 2007 qtr
-0.7 pct -0.5 pct 0.0 pct
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Expenditure-based GDP, actual annual percentage change*
Sept 2008 qtr Jun 2008 qtr Sept 2007 qtr
0.0 pct +1.1 (+1.3) pct +3.6 pct
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* Calculated as the sum of the four quarters ended in the
quarter shown divided by the sum of the previous four quarters,
then expressed as a percentage change.
SNZ said fourth quarter GDP data will be released on March
27.