In keeping with the Excessive Fee for Planning (HCP), home demand fell sharply to 4.3% within the third quarter (Q3) of 2022 from 8% a 12 months earlier.
This demand contributed to the expansion of the nationwide financial system by 4.7 factors as an alternative of 8.7 factors, clarifies the HCP in an info word on the state of affairs within the nation’s financial system within the third quarter of 2022.
Consequently, family last consumption expenditure fell sharply in progress, falling from 6.4% within the third quarter of 2021 to 2.4%, contributing 1.4 share factors to progress, the identical supply mentioned.
For its half, the ultimate consumption of public administrations elevated by 4.1%, contributing to the expansion by 0.8 factors.
Gross fastened capital formation (GFCF) registered a marked slowdown to 2.7%, contributing 0.7 factors to progress.
These nationwide accounts additionally present a pointy enhance in exports and imports within the third quarter of 2022. Thus, imports elevated by 25.8%, with a damaging contribution to progress of 11.1 factors.
In flip, exports elevated by 23.2%, the contribution to progress was 7.9 factors.
On this context, international commerce in items and companies made a damaging contribution to progress, amounting to three.1 factors as an alternative of zero within the third quarter of 2021.