Net external demand contributed negatively to the GDP as exports fell more than imports. In addition, gross fixed capital formation in construction declined; while positive contributions came mostly from household consumption and government spending.
Year-on-year, the economy expanded by a calendar-adjusted 0.4 percent in the second quarter, following an upwardly revised 0.9 percent growth in the previous three-month period and beating forecasts of 0.1 percent.
On an unadjusted basis, the economy stagnated, after a 0.8 percent advance in the first quarter.