In addition, with regard to private demand, business fixed investment turned positive for the first time in three quarters and private consumption, of services in particular, increased through around November, partly due to demand stimulus measures such as the "Go To" campaign.
Real GDP declined significantly for the April-June quarter of 2020 to 10 percent lower than the pre-pandemic level (the 2019 average) but recovered to just 2.4 percent lower for the October-December quarter.