Quarter-on-quarter, private consumption expenditure grew at a slower 0.8 percent, from 1.1 percent in Q3. Gross fixed capital formation expanded 1.1 percent (1.3 percent in Q3), driven by 1.1 percent growth in fixed assets (from 1.5 percent), as capital goods and cultivated assets expanded 1.9 percent (from 2.6 percent) and construction increased 0.6 percent (from 0.7 percent). Also, investments in intellectual property products increased 1.2 percent (from 0.0 percent).Government consumption expenditure rose 0.1 percent, compared with a 0.9 percent in the previous quarter.
Total exports (0.9 percent from 1.8 percent in Q3) grew at a faster pace then imports (0.3 percent, following a 3.1 percent in Q3)
On the production side, services sector went up at a slower 0.6 percent from 0.9 percent in the precedent quarter. Industrial activities increased at a 0.3 percent compared to 0.5 percent growth in Q2, as manufacturing production advanced 0.7 percent (from 1.0 percent). while construction grew at a faster 1.5 percent (from 1.3 percent). Agriculture expanded 2.7 percent, following the same increase in the previous quarter.
Year-on-year, the economy expanded 3.5 percent, the highest value since the fourth quarter of 2007, mainly driven by household consumption (3.5 percent from 3.6 percent in Q3), government consumption rose (3.7 from 3.0 percent in Q3) and gross fixed capital formation (6.4 percent from 6.7 percent in Q3).