Gross Domestic Product: March 2012 quarter

Gross domestic product (GDP):

• Economic activity increased 1.1 percent in the March 2012 quarter.
• Manufacturing (up 1.8 percent) was the largest contributor to economic growth this quarter.
• Business services (up 2.0 percent) and agriculture (up 2.3 percent) also contributed to growth.
• Economic activity for the year ended March 2012 was up 1.7 percent.  

Expenditure on gross domestic product:

• The expenditure measure of GDP was up 0.8 percent in the March 2012 quarter.
• Gross fixed capital formation was up 1.7 percent.
• For the year ended March 2012, expenditure on GDP was up 1.0 percent.  
• In current prices, expenditure on GDP was $202 billion for the year ended March 2012.