The services sector rose 2.4 percent, matching the preliminary estimate and easing from a 3.1 percent increase in the previous quarter. Activities slowed mostly for: retail trade (0.2 percent vs 5.7 percent in Q2); transportation (2.4 percent vs 3.5 percent); information and communication (6.2 percent vs 6.9 percent); financial and insurance (8.2 percent vs 9.8 percent); real estate activities (1.4 percent vs 2 percent); health (2.5 percent vs 3.3 percent); cultural and sports activities (2.4 percent vs 4.6 percent). Also, output declined for professional, scientific and technical activities (-5.8 percent vs 2.9 percent) and education (-2.3 percent vs -1 percent).
The agricultural sector went up 0.9 percent, in line with the first figure but below a 1.4 percent growth in the prior quarter.
Industrial production tumbled 0.7 percent, compared to a 0.5 percent fall in the previous release but better than a 1.4 percent contraction in the second quarter. Production was mostly affected by mining (-10.7 percent vs -8.2 percent), due to lower output from oil (-12.2 percent vs -8 percent); construction (-1.4 percent vs -3.7 percent); utilities (-0.6 percent vs -0.7 percent). Meantime, the manufacturing sector rose at a faster pace (3.2 percent vs 2.1 percent).
On a quarterly basis, the economy contracted 0.3 percent, worse than a preliminary estimate of a 0.2 percent decrease, and compared to a downwardly revised 0.3 percent gain in the second quarter. It was the first contraction since the fourth quarter of 2015.