National Accounts for the first quarter of 2016

According to the most recent quarterly national accounts, real GDP in the first quarter of 2016 grew by 0.6% quarter on quarter and 1.6% year on year. The latest quarterly national accounts data signal similar economic developments for early 2016 than the data previously published, i.e. economic growth continued, supported by private investments and private consumption. Real GDP growth in the first quarter was slightly stronger than suggested by preliminary data. The figures for the fourth quarter of 2015 were also revised upward. The economy has now grown for two consecutive quarters.