In Q1 2018, GDP in volume terms accelerated: +0.3% after +0.7% in Q4 2017. Household consumption expenditures rose at the same pace as in Q4 2017 (+0.2%), whereas total gross fixed capital formation lost momentum (GFCF: +0.6% after +1.1%). Overall, final domestic demand excluding inventory changes slowed down and contributed less to GDP growth: +0.3 points after +0.5 points.

Exports weakened slightly (−0.1% after +2.5%) and imports held steady (0.0% after +0.4%). All in all, foreign trade balance didn't contribute to GDP growth in Q1. Similarly, changes in inventories were stable and therefore they didn't contribute to GDP growth.