Gross Domestic Product: March 2009 quarter

Embargoed until 10:45am  –  26 June 2009

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Media release  – 
Annual gross domestic product declines

Highlights

  • Economic activity decreased 1.0 percent in the March 2009 quarter, the fifth consecutive decrease.
  • Manufacturing activity declined 7.2 percent in the March 2009 quarter.
  • Annual gross domestic product was down 1.0 percent for the year ended March 2009.
  
  • Household consumption expenditure declined 1.4 percent in the March 2009 quarter.
  • Gross fixed capital formation was down 6.1 percent in the latest quarter.
  • Real gross national disposable income decreased 0.8 percent for the year ended March 2009.

Graph, Gross Domestic Product, quarterly change.

Geoff Bascand 26 June 2009
Goverment Statistician ISSN 1178-0290

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