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

Household consumption expenditure slightly accelerated (+0.5% after +0.3%) while total gross fixed capital formation (GFCF) remained dynamic (+0.8% after +1.0%). 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 +0.6 points): imports accelerated sharply (+2.5% after +0.2%) while exports decelerated significantly (+0.7% after +2.3%). 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