GDP rose by 0.6 per cent in the fourth quarter of 2005, up from 0.4 per cent in the previous quarter. For the year 2005 as a whole GDP increased by 1.8 per cent over 2004.
Production fell by 0.6 per cent. A 0.8 per cent fall in manufacturing was partly offset by a 1.3 per cent rise in mining and quarrying.
Services grew by 0.9 per cent compared with 0.7 per cent in the previous quarter.
Distribution, hotels and restaurants grew by 1.2 per cent up from 0.2 per cent in the third quarter. Retail, wholesale and hotels and restaurants contributed to the stronger growth in the fourth quarter.
Transport, storage and communication grew by 1.1 per cent, compared with 0.7 per cent in the third quarter. There was growth across the transport industries and in post and telecommunications.
Business services and finance rose by 1.1 per cent, compared with 0.8 per cent in the third quarter. There was increased output from business services and banking.
Government and other services rose by 0.5 per cent, compared with 0.8 per cent in the third quarter. The weaker growth in quarter four was due to recreation. Public administration, education and health increased broadly in line with the previous quarter.
Construction rose by 0.3 per cent, compared with 0.5 per cent in the third quarter.
Notes: Unless otherwise specified:
Growth refers to a comparison of output in the latest quarter compared with the previous quarter. This is referred to as quarterly growth.
Annual growth refers to a comparison of output in the latest calendar year in comparison with the previous year.
Figures are in chained volume or real terms i.e. they have been adjusted to remove the effects of price change.