Quarterly National Accounts for 3rd Quarter 2019

GVA growth rate for the third quarter of 2019 over the corresponding quarter of 2018 is estimated at 2.9%.

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; and

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

Based on seasonally adjusted data, quarter to quarter GVA registered no growth in the third quarter of 2019 compared to a growth of 1.0% in the second quarter of 2019.