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Change in gross domestic product (GDP) is the main indicator of economic growth. GDP was estimated to have increased by 0.6% in Quarter 2 (Apr to June) 2016 compared with growth of 0.4% in Quarter 1 (Jan to Mar) 2016. Output increased in 2 of the main industrial groupings within the economy in Quarter 2 2016. Services increased by 0.5% and production increased by 2.1%. In contrast, construction decreased by 0.4% and agriculture decreased by 1.0%. GDP was 2.2% higher in Quarter 2 2016 compared with the same quarter a year ago. In Quarter 2 2016, GDP was estimated to have been 7.7% higher than the pre-economic downturn.
|remaining time till the new event being published|