Within domestic demand, household consumption increased slightly (0.4 percent vs 0.3 percent in Q4), driven by expenditures on goods (0.6 percent vs -0.3 percent) and energy rose (0.7 percent vs -0.4 percent). On the other hand, consumption of food dropped sharply (-1.1 percent vs a flat reading) while expenditure on services was steady at 0.6 percent. In contrast, fixed investment advanced 0.5 percent, slowing from a 0.6 percent expansion in the previous quarter, as government expenditure went up 0.7 percent, after a 1 percent increase in the prior period; and non-financial corporations and unincorporated enterprises eased to 0.7 percent from 0.8 percent. Meantime, household investment was unchanged, following a 0.3 percent contraction in Q4. Additionally, general government expenditure rose 0.2 percent, lower than a 0.4 percent in the last quarter of 2018.
Exports edged up 0.4 percent (vs 2.0 percent in Q4), while imports grew at a faster 1.4 percent (vs 1.1 percent in Q4).
Year-on-year, the economy expanded 1.2 percent in the first quarter of 2019, the same pace as in the previous three-month period.