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That was the biggest contributor to a 0.Four % quarterly enlargement in the county's services industries, which makes up a lot of the native economy. The expenditure measure of GDP grew 1.1 % for annual expansion of 2.7 p.c. Annual development was 2.6 %, and GDP was up 3.5 percent from the same quarter a yr earlier. Collectively, agriculture and manufacturing accounted for 1.1 percent of quarterly GDP development. New Zealand's economic system grew at its fastest quarterly pace in nearly four years, led by a booming dairy sector and as companies prepare for more development in 2014, including to the prospects for a hike in interest charges in the first quarter. Actual gross nationwide disposable earnings grew at a quarterly pace of 2.9 %, and was up an annual 3.2 percent