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Gross Domestic Product: September 2016 quarter
Embargoed until 10:45am  –  22 December 2016
Key facts

Economic activity, as measured by gross domestic product (GDP), grew 1.1 percent in the September 2016 quarter.

The main movements by industry were:

  • Business services was up 2.0 percent, due to scientific, architectural and engineering services.
  • Transport was up 3.7 percent, due to increases in road, air, and transport support services.
  • Manufacturing was up 1.2 percent, due to food, beverage, and tobacco manufacturing; and transport equipment, machinery and equipment manufacturing.
  • Construction was up 2.1 percent, due to increases in all of the construction sub –industries.
  • 13 of the 16 GDP industries saw an increase in the September 2016 quarter.

Expenditure on gross domestic product grew 1.4 percent in the September 2016 quarter.

The main movements in GDE were:

  • Household consumption expenditure was up 1.6 percent, driven by spending on services and non-durable goods.
  • Investment in fixed assets was up 1.4 percent, due to increased investment in transport equipment and residential building.
  • Exports of goods and services was down 0.7 percent.
  • Imports of goods and services was up 1.2 percent, due to imports of transport equipment, including aircraft purchases.
  • Inventories ran down $200 million, due to a decrease in manufacturing inventories.

 

Image showing GDP growth in the September 2016 quarter, by industry.

Image showing size of the economy and increases and decreases in GDP by component, September 2016 quarter.

Graph, Gross domestic product, quarterly and annual growth, September 2010 to September 2016.

Liz MacPherson, Government Statistician
ISSN 1178-0290
22 December 2016

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