0.9% fall in December (production account, seasonally adjusted). However, September was revised down as well – so similarish to a 1% fall. Bigger decline than the RBNZ expected, but about in line with the market.
Expenditure account (old C+I+G+X-M) fell by 0.6% – but has fallen a lot further over the past year.
GDP deflator did rise a lot more strongly than I expected.
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Theo Paphitis on the UK Economy | Adam Arnold - The Smarter CEO
March 31, 2009 at 1:06 pm (UTC 12)
[...] December 2008 GDP | TVHE [...]