Quarterly national accounts

The National Institute of Statistics releases an updated version of Quarterly National Accounts consistent with the new updated annual data for 2010 and 2011, released the 4^th October 2012.

In the second quarter of 2012 the seasonally and calendar adjusted, chained volume measure of Gross Domestic Product (GDP) is unrevised in terms of rates of change,  confirming a decline of 0.8 per cent with respect to the first quarter of 2012 and 2.6 per cent with respect to the second quarter of 2011.

Compared to the first quarter of 2012, final consumption expenditure decreased by 0.7 per cent (unrevised), gross fixed capital formation by 2.1 per cent (revised upward from the previously estimated decline of 2.3 per cent) and imports by 0.5 per cent (revised down from -0.4 per cent), while exports rose by 0.1 per cent (revised down from +0.2 per cent).

With respect to the second quarter of 2011, final consumption expenditure fell by 3.0 per cent (revised down from the previously estimated decline of 2.9 per cent), gross fixed capital formation by 9.0 per cent (revised up from -9.5 per cent) and imports by 8.2 per cent (unrevised), while exports rose by 1.3 per cent (revised down from the previously estimated increase of 1.4 per cent).