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Gross Domestic Product: December 2009 quarter
Embargoed until 10:45am  –  25 March 2010
Highlights
Gross domestic product (GDP):
  • Economic activity was up 0.8 percent in the December 2009 quarter, following a 0.3 percent increase in the September 2009 quarter.
  • Manufacturing activity was up 4.5 percent, after seven quarters of decline.
  • Gross domestic product contracted 1.6 percent in the year ended December 2009 compared with the year ended December 2008.

On the expenditure measure of GDP:

  • The expenditure measure of GDP was up 0.8 percent in the December 2009 quarter.
  • Household consumption expenditure was up 0.9 percent.
  • Inventories were built up by $172 million this quarter, following three quarters of run downs. 

 Graph, gross domestic product, quarterly change.

Geoff Bascand

25 March 2010

Government Statistician ISSN 1178-0290
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