On the expenditure side, household spending fell 5 percent, government consumption declined 2.2 percent and gross fixed capital formation shrank 8.8 percent. Exports rose 4.3 percent and imports declined 10.6 percent.
On the production side, declines were recorded for agriculture (-3.1 percent); mining (-4.9 percent); manufacturing (-5.4 percent); construction (-2.2 percent) and services (-3.3 percent). Only utilities output (+7.9 percent) and real estate activities (+0.1 percent) increased.
On a quarterly basis, the economy shrank 0.6 percent, worse than a 0.4 percent contraction in the previous period.