Thursday, February 21, 2019

Monthly GDP: April 2018


The “soft patch” continued in April


Economic growth is estimated to have remained broadly unchanged in April, at -0.03% m/m and +1.19% yoy. Industrial production dropped 1.2% m/m in April, erasing last month’s rise (+1.2% m/m) and falling back to its February level. Results were negative across the board barring investment goods, that grew by 0.7% m/m for the second month in a row. Energy printed the worst contraction (-4.8%), followed by consumption goods (-1.3%) and intermediate goods (-1.1%). The decline could have been influenced by the bank holidays at the end of the month and the index will probably rebound in May.
Business confidence and manifactury PMI moderated further,while services’ sentiment remained resilient in May.

Data and comment

Previous releases
Methodological note


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