Stockbuilding continued to drive OECD GDP growth in the first quarter of 2010

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08/07/2010 - Real GDP in the OECD area grew by 0.6% in the first quarter of 2010 compared with the last quarter of 2009. Stockbuilding was the main contributor to OECD GDP growth for the third consecutive quarter.

Changes in inventories contributed 0.45 percentage point to overall growth in the first quarter and private consumption contributed 0.3 percentage point but these were partially offset by negative contributions from gross fixed capital formation and net exports, both accounting for minus 0.1 percentage point of overall GDP growth.

Contributions to OECD real GDP growth

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Link to underlying data - Source: Quarterly National Accounts: Quarterly growth rates of real GDP

The next issue of this press release is scheduled for the first week of October 2010.

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