Podcasts Other The Mike Hosking Breakfast Darren Gibbs: Westpac Senior Economist ahead of the release of the September quarter GDP figure

Darren Gibbs: Westpac Senior Economist ahead of the release of the September quarter GDP figure

Published: Dec. 13, 2023, 7:01 p.m.

There's less optimism for today's GDP figure than there was for the last.\xa0

Stats NZ will release the September quarter figure later this morning. \xa0

In June, Gross Domestic Product rose 0.9%.\xa0

Westpac Senior Economist, Darren Gibbs, told Mike Hosking that they're predicting a 0.1% decrease to our economy.\xa0

He says the manufacturing sector's seen weak growth, which is a strong economic indicator.\xa0

Gibbs believes the sector will be a drag on our GDP figure, as manufacturing's PMI figure has been at dreadful levels recently.\xa0

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