The services sector increased 2.0 percent, down from a 2.1 percent expansion in the preliminary estimate and below a 2.4 percent growth in the previous period. Output rose less for financial services and insurance (4.1 percent from 5.4 percent in Q4 2017); information and communication (3.0 percent from 3.9 percent) and wholesale trade (2.5 percent from 4.8 percent). Also, production fell for education (-0.8 percent from 1.2 percent) and cultural and sports activities (-0.1 percent from 3.2 percent) and dropped further for business services (-2.8 percent from -1.6 percent). On the other hand, faster growth was seen in real estate activities (1.3 percent from 0.7 percent); retail trade (3.2 percent from 2.1 percent); health and social activities (3.0 percent from 1.9 percent) and transportation (2.8 percent from 2.7 percent).
Industrial activity shrank 0.8 percent, below a 1.1 percent contraction in the preliminary figure and following a 1.0 percent fall in the prior quarter. Mining contracted less (-6.1 percent from -8.8 percent) and manufacturing while output rebounded for construction (1.5 percent from -1.3 percent) and utilies (a flat reading from -0.6 percent). Meantime, manufacturing sector dropped (-0.2 percent from 1.8 percent).
The agricultural sector accelerated 5.4 percent, up from the preliminary estimate of a 5.3 percent and above a 4.3 percent expansion in the previous period. It was the strongest growth since the first quarter of 2014.
On a quarterly basis, the economy grew 1.3 percent, in line with preliminary figures, slowing from 1.5 percent expansion in the prior quarter.