IMPROVING LIVES THROUGH DATA ECOSYSTEMS

Real gross domestic product (GDP) at market prices increased by 3,2 per cent during the second quarter of 2012

The seasonally adjusted real GDP at market prices for the second quarter of 2012 increased by an annualised rate of 3,2 per cent compared with an increase of 2,7 per during the first quarter of 2012.

The contributors to the increase in economic activity for the second quarter of 2012 were the mining and quarrying industry (1,5 percentage points), finance, real estate and business services (0,5 of a percentage point), the wholesale, retail and motor trade, catering  and accommodation industry (0,4 of a percentage point), general government services (0,3 of a percentage point), and the transport, storage and communication industry (0,2 of a percentage point). Negative contributions by other industries included the manufacturing industry (-0,2 of a percentage point), and the electricity, gas and water industry (-0,1 of a percentage point).
 
The seasonally adjusted real annualised value added by primary and tertiary sectors recorded increases of 23,0 per cent and 2,3 per cent respectively and the secondary sector recorded a decrease of 0,5 per cent during the second quarter of 2012.

The unadjusted real GDP at market prices for the second quarter of 2012 increased by
3,0 per cent compared with the second quarter of 2011. The estimate of GDP for the first six months of 2012 increased by 2,5 per cent compared with the corresponding period in 2011.

The GDP estimates are preliminary, and may routinely be revised on the basis of additional evidence that has become available by the time the subsequent quarter`s estimates are released.