In Q1 2018, GDP in volume terms decelerated: +0.2% after +0.7% in Q4 2017. Household consumption expenditures rose at a slower pace as in Q4 2017 (+0,1% after +0.2%). Total gross fixed capital formation (GFCF: +0.2% after +0.9%) significantly slowed down. Overall, final domestic demand excluding inventory changes slowed down and contributed less to GDP growth: +0.2 points after +0.4 points.

Exports slightly fell back (−0.3% after +2.3%) as well as imports (−0.3% after +0.1%). All in all, foreign trade balance didn't contribute to GDP growth in Q1. Similarly, changes in inventories were stable and therefore did not contribute to GDP growth