It was the fourth straight quarter of expansion as investment, consumption and the balance of exports and imports made a positive contributions to growth, preliminary estimates showed.
Year-on-year, the economy advanced 2.4 percent, up from 1.4 percent in the last three months of 2014. Business investment posted the largest gain (8.8 percent from 6.1 percent in the previous period), as people invested more in houses and transport, mainly trucks and trailers. Exports rose 3.3 percent from 4.5 percent in the last three months of 2014, boosted by sales of oil products, natural gas, transport equipment and machinery. Meanwhile, government investment and spending rebounded to 2.3 percent (-1.2 percent in Q4) and 0.5 percent (-0.8 percent in Q4) respectively. Private consumption rose at a faster 1.4 percent from 0.8 percent in the last quarter of 2014 while imports slowed to 1.4 percent from 4.3 percent.