Quarterly National Accounts – 1st Quarter 2019

GVA growth rate for the first quarter of 2019 over the corresponding quarter of 2018 is estimated at 3.2%.

That growth was mainly due to:

(i) “Financial and insurance activities” contributing 0.6 percentage point;

(ii) “Construction” and “Wholesale and retail trade; repair of motor vehicles and motorcycles” each contributing 0.4 percentage point;

(iii) “Information and communication” and “Professional, scientific and technical activities” each contributing 0.3 percentage point.

Based on seasonally adjusted data, quarter to quarter GVA grew by 0.1% in the first quarter of 2019 compared to a growth of 1.7% in the fourth quarter of 2018.