Agricultural sector grew by 2.3% due to a 3.7% increase in agriculture, hunting and
forestry compared to a 0.9% increase in previous quarter. Fishery continued to fall by
5.2%.
Non-agricultural sector grew at slower rate by 0.4%. Manufacturing sector decreased by
2.9% as domestic demand sharply fell, causing contractions in almost all types of products.
Similarly, production of construction and electricity, water supply and gas separation
decreased. On the other hand, transport and communication, wholesale and retail trade,
hotels and restaurants and financial intermediation slowed down.
- Household consumption decreased by 4.5% as consumption on durables contracted after
the expiration of the First Car Tax Rebate Scheme. Consumption on non-durables also
declined while semi-durables slowed down. Services sector slightly expanded.
- Government consumption slowed down by 0.9%, composing of a 1.1% decrease in
compensation of employees and a 3.5% deceleration in net purchases of goods and
services.