GDP Down More Than Expected

GDP in terms of volume decreased by 0.6% in Q4 2010 which is a downward revision of the decrease of 0.5% published in January. Production industries increased by 0.7% but services decreased by 0.7% and construction decreased by 2.5%. The GDP deflator is 2.8% above the sdame quarter of 2009. Household expenditure was down 0.1% in real terms and gross fixed capital formation down by 2.5%. The very bad weather is partly to blame for the change in GDP.