Gross Domestic Product: September 2008 quarter

Embargoed until 10:45am  –  23 December 2008

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Media release  – 
Economy declines for third consecutive quarter

Highlights

  • Economic activity decreased 0.4 percent in the September 2008 quarter, the third consecutive decrease in economic activity.
  • Annual growth in gross domestic product was 1.7 percent for the September 2008 year.
  • In the September 2008 quarter, activity in goods-producing industries decreased 1.4 percent and service industries declined 0.2 percent.
 
  • Household consumption expenditure dropped 0.2 percent this quarter, its third consecutive decrease.
  • Gross fixed capital formation decreased 8.6 percent in the September 2008 quarter.
  • Real gross national disposable income increased 4.4 percent for the year ended September 2008.
 Graph, Gross Domestic Product.
 Geoff Bascand 23 December 2008
 Government Statistician ISSN 1178-0290

 

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