Gross Domestic Product: March 2008 quarter

Embargoed until 10:45am  –  27 June 2008

Other sections

Available files

Media release  – 
Agriculture and construction main drivers of decline

Highlights

  • Economic activity decreased 0.3 percent in the March 2008 quarter, following an increase of 0.8 percent in the December 2007 quarter.
  • Annual growth in gross domestic product was 3.0 percent for the year ended March 2008.
  • Activity in primary industries decreased 4.1 percent, and goods producing industries declined 1.9 percent in the March 2008 quarter.
 
  • Gross fixed capital formation was down 2.0 percent in the March 2008 quarter.
  • Household consumption expenditure dropped 0.4 percent, following an increase of 0.5 percent last quarter.
  • Real gross national disposable income increased 5.3 percent in the year ended March 2008.
Graph, gross domestic product.  
 
Dallas Welch (Mrs) 27 June 2008
Acting Goverment Statistician ISSN 1178-0290

Other sections

Available files