Activities in wholesale, retail, motor trade, catering and accommodation advanced 2.8 percent, following a 2.5 percent growth in Q3 and mining and quarrying expanded by 1.5 percent after contracting by 9.8 percent and 6.4 percent in the second and third quarters of 2015, respectively. Also, construction rose at a faster 1.1 percent following a 0.5 percent growth in the previous period. Finance, real estate and business services expansion slowed to 1.9 percent (+2.8 percent in Q3).
In contrast, the manufacturing sector shrank an annualized 2.6 percent, after growing 6.2 percent in the third quarter and the agricultural sector contracted 14 percent, marking the fourth straight quarter of contraction.
Year-on-year, the economy advanced 0.6 percent, slowing from a 1 percent growth in the third quarter and hitting its lowest level since the 2009 recession.
Considering full 2015, the GDP grew 1.3 percent compared to a 1.4 percent expansion in 2014.