Gross Domestic Product: September 2009 quarter

Embargoed until 10:45am  –  23 December 2009
See also Gross Domestic Product: September 2009 quarter – Media release

Highlights

Gross domestic product (GDP):
  • Economic activity was up 0.2 percent in the September 2009 quarter, following a 0.2 percent increase in the June 2009 quarter.
  • Activity in the primary industries increased 3.9 percent, while activity in the goods-producing industries contracted 2.5 percent.
  • Gross domestic product contracted 2.2 percent in the year ended September 2009 compared with the year ended September 2008.

On the expenditure measure of GDP:

  • The expenditure-measure of GDP was up 0.2 percent in the September 2009 quarter.
  • Household consumption expenditure was up 0.8 percent.
  • Gross fixed capital formation, which measures investment in fixed assets, was down 1.8 percent.
  • Inventories were run down $748 million this quarter. 

 Graph, Gross domestic product, quarterly change.

Geoff Bascand

23 December 2009

Government Statistician ISSN 1178-0290