Year-on-year, lower growth rates were recorded for private spending (6.7 percent compared to 7.3 percent in the previous period); government consumption (17.2 percent compared to 31.9 percent) and exports (1.2 percent compared to 10.3 percent) while imports rose at a faster 13.4 percent (11.9 percent). On the other hand, gross fixed capital formation rose 1.6 percent, following a 2 percent drop in the first three months of the year.
The Gross Value Added, that is, GDP excluding taxes, increased 5.6 percent year-on-year in Q2 of 2017, the same as in the previous quarter. Mining and quarrying shrank 0.7 percent (+6.4 percent in the previous qurter) and slowdowns were recorded for manufacturing (1.2 percent compared to 5.3 percent); agriculture (2.3 percent compared to 5.2 percent) and public administration and defence (9.5 percent compared to 17 percent). On the other hand, faster increases were recorded for trade, hotels, transport and communication (11.1 percent compared to 6.5 percent); financial and real estate activities (6.4 percent compared to 2.2 percent) and utilities (7 percent compared to 6.1 percent).