It marked the ninth consecutive quarter of economic growth, although the second slowest due to the further easing of household consumption (2.1% vs 5.3% in the previous quarter) and government spending (1.1% vs 4%).

On the other hand, fixed investments advanced by 1.8% (vs 0.5%), the steepest rise since the third quarter of 2020.

Additionally, net external demand contributed positively to the GDP, as exports went up 2.3% (vs 8.9%), while imports fell by 2.3% (9.6%).

On a quarterly basis, the economy grew 0.5%, compared to preliminary estimates of 0.4% and the 0.6% expansion in the prior quarter.