New Zealand's Economy Grows in Q2, Stock Market Declines

New Zealand's economy grew 3.4% year-on-year in Q2, exceeding forecasts, driven by construction investment and government consumption. However, private consumption saw its first decline in nearly four years. Concurrently, the NZX 50 index fell 0.2% in morning trade, extending recent losses after a holiday. This mixed data reflects underlying economic shifts.