Key findings: P0441 - Gross Domestic Product (GDP), 3rd Quarter 2014
Real gross domestic product (GDP) at market prices increased by 1,4 per cent during the third quarter of 2014
The seasonally adjusted real GDP at market prices for the third quarter of 2014 increased by an annualised rate of 1,4 per cent compared with an increase of 0,5 per cent (revised from 0,6 per cent) during the second quarter of 2014 (see full report here - PDF).
The main contributors to the increase in economic activity for the third quarter of 2014 were finance, real estate and business services and the wholesale, retail and motor trade; catering and accommodation industry (each contributing 0,5 of a percentage point), general government services (0,3 of a percentage point) and the agriculture, forestry and fishing industry and the transport, storage and communication industry (each contributing 0,2 of a percentage point). A negative contribution was recorded by the manufacturing industry (-0,4 of a percentage point).
The seasonally adjusted real annualised value added by the primary and tertiary sectors recorded increases of 3,1 per cent and 2,4 per cent respectively, while the secondary sector recorded a decrease of 2,0 per cent during the third quarter of 2014.
The unadjusted real GDP at market prices for the third quarter of 2014 increased by 1,4 per cent compared with the third quarter of 2013. The estimates of GDP for the first nine months of 2014 compared with the corresponding period in 2013 increased by 1,5 per cent.