Quarterly National Accounts - Contributions to GDP growth - Second Quarter 2011, OECD

Investment sustains OECD GDP growth in the second quarter of 2011 but slowdown in private consumption continues

07/10/2011 - Real GDP in the OECD area grew by 0.3% in the second quarter of 2011. Gross fixed investment was the main contributor, adding 0.2 percentage point to overall growth. The contribution from private consumption continued to slow in the second quarter of 2011. At 0.1 percentage point the contribution from private consumption fell to its lowest level since the second quarter of 2009. The negative contribution from net exports reduced overall GDP growth by 0.1 percentage point.