The industrial sector fell 3.4 percent, hurt by a 5.5 percent drop in manufacturing (lower production of automobiles, machines and equipment, furniture, metal products, plastics, rubber and wood). The construction sector shrank 8.7 percent while mining expanded 8 percent. Retail and wholesale trade fell 2.4 percent while information services grew 2.5 percent.
On the expenditure side, gross fixed capital formation fell sharply by 11.2 percent while exports increased at a slower 1.9 percent.
On a quarter-on-quarter seasonally adjusted basis, the economy contracted for the second consecutive period by 0.6 percent in the April to June quarter, following a revised 0.2 percent drop in the first three months of the year.
Considering the first half of 2014, the economy expanded 0.5 percent over the same period in 2013.