In Q3 2017, gross domestic product (GDP) in volume terms kept increasing: +0.5%, after +0.6% in Q2.

Household consumption expenditure accelerated (+0.6% after +0.3%) while total gross fixed capital formation (GFCF) remained dynamic (+0.9% after +1.1%). All in all, final domestic demand excluding changes in inventories increased: it contributed by +0.6 points to GDP growth in Q3 2017.

The foreign trade balance contributed negatively to GDP growth (−0.6 points after +0.5 points): imports accelerated sharply (+2.8% after +0.3%) while exports decelerated significantly (+1.1% after +2.2%). Conversely, changes in inventories contributed positively to GDP growth (+0.5 points after −0.5 points).

In comparison with Q3 2016, GDP rose by 2.2%; such a growth rate had not been observed since 2011.