Key findings: P0441 - Gross Domestic Product (GDP), 2nd Quarter 2010

The seasonally adjusted real GDP at market prices for the second quarter of 2010 increased by an annualised rate of 3,2 per cent compared with an increase of 4,6 per cent during the first quarter of 2010.

The main contributors to the increase in economic activity for the second quarter of 2010 were the manufacturing industry (1,1 percentage points); the wholesale, retail, motor trade and accommodation industry (0,7 of a percentage point); finance, real estate and business services (0,6 of a percentage point) and general government services (0,5 of a percentage point).
In contrast the mining and quarrying industry contributed -1,1 percentage points.

The seasonally adjusted real annualised value added by primary, secondary and tertiary sectors recorded a decrease of 12,5 per cent and increases of 5,3 per cent and 4,0 per cent respectively, during the second quarter of 2010.

The unadjusted real GDP at market prices for the second quarter of 2010 increased by 3,0 per cent compared with the second quarter of 2009. The estimates of GDP for the first six months of 2010 compared with the corresponding period in 2009 increased by 2,3 per cent.