The agricultural sector expanded 5.4 percent, following a 4.4 percent gain in the first quarter due to abundant rainfall, despite lower external demand for key agricultural products. Higher production of maize, vegetables, and fruits offset losses of beans and potatoes, which were affected by heavy rains in some regions.
The quantity of fruits exported increased by 22.2 percent while the volume of cut flower sold fell 4.2 percent. In addition, shipments of vegetables (-11.6 percent) and coffee (-10.6 percent) shrank and tea production declined 17.2 percent.
Among production sectors, electricity and water supply sector recorded the highest growth of 10.2 percent, as abundant rainfall and the commissioning of new
geothermal plant last year boosted production of hydroelectricity.
Construction recorded the second fastest growth (9.9 percent) mainly due to the ongoing public infrastructure development coupled with resilient private sector's development in the real estate sector.
The manufacturing industry went up at a faster 4.5 percent (3.5 percent in Q1), transportation and storage rose 6.2 percent (6 percent in Q1) while growth in financial and insurance activities slowed to 6 percent (9.1 percent in Q1).
The accommodation and restaurants sector shrank for the sixth straight quarter although at a slower pace (-0.8 percent compared to -7.5 percent in Q1).