Stockbuilding pushes OECD GDP growth up to 0.5% in the third quarter of 2016 | WPN World People News

Real GDP growth in the OECD area accelerated slightly to 0.5% in the third quarter of 2016, compared with 0.4% in the previous quarter. Contributions from private consumption and investment slowedto 0.2 and 0.0 percentage point respectively (down from 0.5 and 0.1 in the previous quarter) while net exports and especially stockbuilding drove GDP growth up (0.1 percentage point each in the third quarter of 2016, compared with 0.0 and minus 0.2 respectively in the previous quarter). Contribution from government consumption was stable at 0.1 percentage point for the seventh consecutive quarter.

Source: Organization for Economic Co-operation and Development