Quarterly Accounts. Q1 2019
The gross domestic product of Catalonia registered a year-over-year increase of 2.1% and a quarter-over-quarter rise of 0.6% in the first quarter of 2019.
In terms of demand, domestic demand grew by 2.1%, with a slowdown in household consumption (1.1%) and a rise in the consumption of the public administrations (2.8%). Gross capital formation continued to be the most dynamic component of domestic demand (4.1%). With respect to the foreign sector, both total exports abroad (-1.1%) and total imports (-0.3%) displayed negative rates.
In terms of supply, the construction sector maintained its high year-over-year growth rate (5.3%) and services continued to perform well, with an increase of 3.0% in comparison with the same period of the previous year. Industry recorded negative year-over-year growth rates (-0.8%), although it displayed an improvement over the previous quarter. As for the agrarian sector, it recovered positive growth rates (0.5%).
The quarterly accounts are presented using the year 2010 as the accounting base and are congruent with the Annual Economic Accounts for Catalonia. Base 2010. The quarterly series should be treated as provisional, given that the need for coherence between the quarterly and annual estimations implies modifications to the quarterly estimations, at least while the annual estimations are still provisional.