On the expenditure side, household consumption advanced 0.4 percent quarter-on-quarter and government expenditure surged 4.4 percent, following last quarter’s 3.9 percent fall. Gross fixed capital formation shrank 0.6 percent, mainly due to a 3.3 percent drop in construction investment. Exports fell 0.3 percent, following three consecutive quarters of growth, while imports advanced 1.5 percent.
On the production side, agriculture recorded the highest growth rate (3.2 percent), followed by financial and insurance activities (2.6 percent) and artistic and recreational activities (2.4 percent). Meanwhile, construction fell 2.6 percent, real estate activities dropped 2.1 percent and industrial production fell 0.5 percent.
Year-on-year, the economy advanced 0.5 percent in the first three months of 2014, down from a 0.6 percent preliminary estimate.