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Gross domestic product by industry
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June 2009
Gross domestic product by industry note to readers
Real GDP rose 0.1% in June, after 10 consecutive monthly declines. The output of service industries rose 0.4% in June, the largest increase since the start of the year. Goods-producing industries registered another decline (-0.6%), although it was less pronounced than those of the previous seven months.
Chart C.1: Real gross domestic product increases slightly in June
Description for Chart C.1
Oil and gas extraction, wholesale trade and real estate agents and brokers were the sectors that contributed the most to the growth of GDP. Retail trade, finance and public administration activities also increased. Decreases in metallic ore mines, manufacturing and, to a lesser extent, construction partly offset these increases.
After three consecutive monthly declines, oil and gas extraction rose 1.3% in June, with both components posting gains. However, extraction of metallic ores, particularly in copper, nickel, lead and zinc mines (-33%), contracted sharply, mainly because of temporary closures attributable to weak demand and maintenance work.
The volume of wholesale trade activities rose 1.3% in June, with most wholesalers recording an increase. Value added in retail trade rose 0.5% in June, following an identical result in May.
The manufacturing sector declined 0.7% in June, with 14 of the 21 major groups contracting. Durable goods manufacturing fell 1.4%, while the manufacturing of non-durable goods advanced 0.1%. The production and processing of non-ferrous metals (except aluminum) decreased sharply (-20%), mainly because of temporary plant closures related to faltering demand.
Chart C.2: Main industrial sectors' contribution to the percent change in real gross domestic product, June 2009
Description for Chart C.2
The home resale market made another strong advance, which led to an 8.3% increase in the activities of real estate agents and brokers. However, the construction sector declined 0.5% in June. This drop was mainly attributable to a sizable 1.5% decrease in residential building construction.
Data tables
- Table C.1 Real gross domestic product by industry, at basic prices, monthly
- Table C.2 Real gross domestic product by industry, at basic prices, quarterly and annually
Information on methods and data quality available in the Integrated Meta Data Base: 1301.
