Fall in mining and quarrying leads GDP decline

10-26-2009

Gross Domestic Product (GDP) decreased by 0.4% in the third quarter of 2009, compared with a decrease of 0.6% in the second quarter. The decline in output was due to decreases in the four main component aggregate series.

Total production output declined in the third quarter, decreasing by 0.7%, compared with a fall of 0.5% in the previous quarter.

Mining and quarrying made the largest contribution to the decline falling by 3.5%, compared with a fall of 0.6% in the previous quarter.

Manufacturing output fell by 0.2% compared with a decrease of 0.1% in the previous quarter.

Services output weakened by 0.2% compared with a fall of 0.6% in the previous quarter.


 
Source:http://www.ibtimes.co.uk