Manufacturing went up 4.5 percent, well above the 2.7 percent in the previous quarter and significantly outpacing the 2.3 percent annual growth for the whole 2016 and the 1.8 percent expansion for 2015.
Construction also gained steam in the first quarter (12.2 percent from 10.1 percent). Meanwhile, the decline in agriculture was less pronounced this quarter (-2.4 percent compared to -4.7 percent in the preceding period). Contrastingly, utilities plunged 1.1 percent after a marginal expansion of 0.4 percent in the previous quarter. Services edged down to 1.7 percent growth following a 1.8 percent expansion in the final quarter of 2016.
On a quarterly basis, the economy expanded 1.1 percent, also above initial estimates of 0.9 percent growth and outpacing the 0.5 percent increase for the last three months of 2016.