Net trade contributed positively to the GDP as exports rose 1.1 percent (from 0.6 percent in Q2) while imports went up at a softer 0.8 percent (from 2.4 percent).
From the production side, the services industries shrank by 0.2 percent, following a 0.3 percent growth in the prior period. Five out of the seven sub-sectors of the services induestries recorded contraction: financial and insurance activities (-1.5 percent from 2.1 percent in Q2); professional and support activities (-1.3 percent from -0.1 percent); other services (-0.3 percent from 0.4 percent); and information and communication (-0.3 percent from -1.1 percent). Additionally, trade, transport and accommodation recorded no growth, after expanding 0.3 percent in the second quarter. On the other hand, public administration, defense, education, health rose 0.1 percent (from a flat reading) and real estate activities advanced 0.4 percent (the same pace as in Q2).
Industrial output contracted by 0.1 percent from a 0.2 percent growth in the previous period, as manufacturing fell 0.3 percent (from 0.1 percent in Q2) and construction rose 0.6 percent (the same as in Q2).
By contrast, agriculture output grew 1.6 percent, rebounding from a 2.8 percent contraction in the second quarter.
Year-on-year, the economy advanced 0.7 percent, after a 1.2 percent expansion in the second quarter of the year and missing market consensus of a 0.8 percent growth. It was the weakest growth rate since the first quarter of 2015.