Household consumption rose at a slower 5.2 percent (7.1 percent in Q1) while government spending jumped 15.9 percent (10.9 percent in Q1). In contrast, investment shrank 0.6 percent, after being flat in Q1. Main disinvestment was in machinery and equipment, both from the public (-5.8 percent) and private (-5.3 percent) sectors. Exports edged up 0.2 percent (2.4 percent in Q1) and imports rose at a faster 7.7 percent (7.3 percent in Q1).
On the production side, both services (3.6 percent compared to 5 percent in Q) and industry (3.9 percent compared to 5.7 percent in Q1) slowed while agricultural output shrank 1 percent (+2.4 percent in Q1).
On a quarterly basis, the economy advanced 0.3 percent, following a downwardly revised 0.7 percent rise in Q1.