Belgium’s economic growth slowed less than initially estimated in the first quarter of the year, latest data from the National Bank of Belgium revealed Wednesday.
Gross domestic product grew 0.3 percent quarterly, while the flash estimate was a 0.2 percent expansion.
The year-on-year figure was revised up to 1.2 percent from 1.1 percent.
In the fourth quarter, GDP rose 0.4 percent sequentially and 1.2 percent annually.
Quarterly growth in private consumption improved to 0.3 percent from stagnation. However, investment growth eased sharply to 0.4 percent from 3.4 percent.
Domestic demand growth slowed to 0.3 percent from 0.9 percent. Net exports grew 0.4 percent after a 0.5 percent slump in the previous quarter.
For comments and feedback contact: editorial@rttnews.com
Economic News
What parts of the world are seeing the best (and worst) economic performances lately? Click here to check out our Econ Scorecard and find out! See up-to-the-moment rankings for the best and worst performers in GDP, unemployment rate, inflation and much more.
