Quarterly National Accounts – 2nd Quarter 2019

GVA growth rate for the second quarter of 2019 over the corresponding quarter of 2018 is estimated at 3.6%.

That growth was mainly due to:

(i) “Financial and insurance activities” contributing 0.7 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 grew by 0.9% in the second quarter of 2019 compared to a growth of 0.3% in the first quarter of 2019.