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Quarterly Accounts. Q2 2019

The gross domestic product of Catalonia registered a year-over-year increase of 2.0% and a quarter-over-quarter rise of 0.5% in the second quarter of 2019.

In terms of demand, domestic demand rose by 1.5%, although it recorded a slowdown in comparison with the previous quarter (1.9%). This slowdown can be explained by the downturn of gross capital formation (which fell from 3.2% to 1.0%), as the household consumer expenditure and the public administrations' remained practically stable (at 1.4% and 2.3%, respectively).

In terms of supply, industry maintained its negative growth (−0.6%) but improved with respect to previous quarters. Construction consolidated its high rate of growth, expanding by 4.9%, while that of the service sector fell by 2.7%. The agriculture recorded a negative growth rate (−2.5%).

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.