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Slower private consumption and investment weigh down on OECD GDP growth in third quarter of 2017

2018-01-12

Real GDP growth in the OECD area slowed marginally to 0.7% in the third quarter of 2017, compared with 0.8% in the previous quarter, according to provisional estimates, as contributions from private consumption (0.3 percentage point, compared with 0.5 in the previous quarter) and investment (0.1, compared with 0.3) fell. Stockbuilding and net exports, however, with contributions of 0.2 and 0.1 percentage points respectively, mitigated the slowdown in overall GDP growth.The contribution from government consumption was negligible.

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Source: Organization for Economic Co-operation and Development