Household spending surged 2.2 percent, after a 0.6 percent rise in the previous period, hitting the highest growth rate since the last three months of 2014. On the other hand, public expenditure (-0.6 percent compared to -0.8 percent) and investment (-0.5 percent compared to -6.7 percent) continued to fall although at a slower pace. Exports jumped 7.6 percent (2.5 percent in Q2) and imports recovered (5.7 percent compared to -3.2 percent).
On the production side, both services (1 percent compared to -0.2 percent) and industry (0.4 percent compared to -1.9 percent) rebounded while agriculture slowed (9.1 percent compared to 14.8 percent).
On a quarterly basis, the economy advanced a meager 0.1 percent, following an upwardly revised 0.7 percent growth in the previous period and below market expectations of 0.3 percent. Still, it was the third consecutive expansion after 2 year long recession.