UP 1.1% of GDP in Q1 of 2019 (INS)

The real gross domestic product (GDP) went up 1.1% in the first quarter (Q1) of 2019, compared with the same period in 2018, and 0.1% compared to the Q4 of 2018, according to the National Institute of Statistics (INS).
The added-value of manufacturing industries fell 0.6% during the Q1 of 2019, compared with the same period in 2018, following the 9.6% drop in the production of the agricultural and agro-food industries sectors due to the decline in olive oil production. 
The added value of the sectors of textile/clothing and leather/footwear and electrical and mechanical industries dropped by 0.5% and 0.9%, respectively.
However, the added value of the construction material, ceramics and glass industries were up 3.2%.
Besides, the chemical industries’ added value increased by 22.6% against a 23.9% fall during the Q1 of 2018.


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