According to the flash estimate, GDP rose by 2.8 % in the 3rd quarter
Flash estimate of the Central Statistical Bureau (CSB) shows that, compared to the 3rd quarter of 2018, in the 3rd quarter of 2019 the gross domestic product (GDP) value increased by 2.8 % (seasonally and calendar non-adjusted data).
Main upward pressure on the GDP was exerted by the volume increase in industry and services (according to preliminary estimates – of 4.3 % and 3.0 %, respectively), including rise of 2.1 % in retail trade. Amount of collected product taxes shows decrease.
Compared to the 2nd quarter of 2019, GDP rose by 0.7 % (seasonally and calendar adjusted data).
Press release on the precise value of and changes in the GDP in the 3rd quarter of 2019 will be published on November 29.