Pick-up in private consumption and investment drives higher OECD GDP growth in second quarter of 2017

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2017-10-06

Real GDP in the OECD area increased by 0.7% in the second quarter of 2017, compared with 0.5% in the previous quarter, according to provisional estimates.Contributions from private consumption and investment increased to0.5 and 0.3 percentage point, respectively (up from 0.3 and 0.2 in the previous quarter) while the contraction in net exports pulled OECD growth down by 0.1 percentage point. Contributions from government consumption and stockbuilding remained negligible.

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Source: Organization for Economic Co-operation and Development

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