Stockbuilding pushes OECD GDP growth up to 0.5% in Q3 2016Staff Writer | January 13, 2017
Real GDP growth in the OECD area accelerated slightly to 0.5% in the third quarter of 2016, compared with 0.4% in the previous quarter.
Real GDP growth Slight acceleration
Contributions from private consumption and investment slowed to 0.2 and 0.0 percentage point respectively (down from 0.5 and 0.1 in the previous quarter).
Nt exports and especially stockbuilding drove GDP growth up (0.1 percentage point each in the third quarter of 2016, compared with 0.0 and minus 0.2 respectively in the previous quarter).
Contribution from government consumption was stable at 0.1 percentage point for the seventh consecutive quarter. ■