GDP revised: the first three months were not the most successful – not growth, but decline

During the first quarter of 2026, the performance of the transport, storage, and construction sectors was identified as the primary contributor to negative impacts on GDP growth. Analyzing the data using the expenditure method for the first quarter of 2026, relative to the preceding quarter, final consumption expenditure showed increases of 1 percent for households and 0.9 percent for the government sector. Conversely, the formation of general basic capital experienced a decline of 4.4 percent.

Trade figures indicated a 1 percent decrease in exports of goods and services, while imports rose by 0.3 percent. Regarding year-on-year comparisons, the real GDP change for the first quarter of 2026, when compared to the corresponding quarter of 2025, reflected a positive growth of 2.3 percent. When adjusting for seasonal effects and the number of working days, the growth rate remained positive, registering an increase of 0.3 percent.

Topics: #gdp #first #quarter

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