Investment rebound supports OECD GDP growth in the second quarter of 2010
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06/10/2010 - Real GDP in the OECD area increased by 0.9% in the second quarter of 2010 from the previous quarter, a stronger pace than previously estimated (0.7%). Gross fixed investment was the main contributor to the GDP increase, adding 0.4 percentage point to overall growth. The rise in investment was the first since early 2008, and the pace was the fastest since the first quarter of 2000.
Private and government consumption contributed 0.3 and 0.1 percentage point to overall growth respectively. The rebuilding of inventories continued, but at a slower pace than in previous quarters. The increase in domestic demand was partially offset by negative contributions from net exports, which reduced overall GDP growth by 0.2 percentage point.
Contributions to OECD real GDP growth
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 second week of January 2011.
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