According to the flash estimate, GDP rose by 1.1 % in the 4th quarter
Flash estimate of the Central Statistical Bureau (CSB) shows that, compared to the 4th quarter of 2018, in the 4th quarter of 2019 the gross domestic product (GDP) value increased by 1.1 % (seasonally and calendar non-adjusted data).
Main upward pressure on the GDP was exerted by the volume increase in services sectors (according to preliminary estimates – of 0.9 %), including rise of 1.7% in retail trade. Manufacturing shows slight decrease. Amount of collected product taxes has increased.
Compared to the 3rd quarter of 2019, GDP rose by 0.2 % (seasonally and calendar adjusted data).
More detailed press release on the precise value of and changes in the GDP during the 4th quarter of 2019 will be published on 28 February.