One of the main contributors to this growth was the growth in wholesale and retail trade.
All three major economic sectors—agriculture, forestry and fishing; industry; and services—posted YoY growths of 2.8 per cent, 0.7 per cent and 5.5 per cent respectively in the quarter.
On the demand side, household final consumption expenditure grew by 4.1 per cent YoY in the quarter.
Government final consumption expenditure, exports of goods and services, and such imports posted YoY growths of 5.8 per cent, 7 per cent and 2.6 per cent respectively.
Meanwhile, gross capital formation posted a decline of 2.8 per cent YoY.
Gross national income grew by 5.6 per cent YoY in the quarter, a PSA release said.
Net primary income from the rest of the world posted a YoY growth of 16.9 per cent during the quarter.
ALCHEMPro News Desk (DS)
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