Pick-up in private consumption and investment drives higher OECD GDP growth in second quarter of 2017

 

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05/10/2017 - Real GDP in the OECD area increased by 0.7% in the second quarter of 2017, compared with 0.5% in the previous quarter, according to provisional estimates.Contributions from private consumption and investment increased to0.5 and 0.3 percentage point, respectively (up from 0.3 and 0.2 in the previous quarter) while the contraction in net exports pulled OECD growth down by 0.1 percentage point. Contributions from government consumption and stockbuilding remained negligible.

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• Link to underlying data - Source: Quarterly National Accounts: GDP Contributions to real GDP growth
• Link to contributions of G7 countries  - charts  (PDF) 

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• Next publication date: Mid-January 2018
• Contacts: For further information, journalists are invited to contact the OECD's Media Relations Division at (33) 1 45 24 97 00 or news.contact@oecd.org;  others should contact the Statistics Directorate at stat.contact@oecd.org.
• Link to previous news releases
• More information on quarterly national accounts at www.oecd.org/std/qna

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