Slovenia’s economic growth quickened in the three months ended December, after easing in the previous two quarters, figures from the Statistical Office of the Republic of Slovenia showed Friday.
Gross domestic product advanced an unadjusted 3.3 percent year-over-year in the fourth quarter, faster than the 2.6 percent climb in the third quarter.
The latest rate of expansion was the fastest since the third quarter of 2014, when GDP had grown 3.6 percent.
The positive growth trend in the fourth quarter was driven by greater domestic demand. Domestic expenditure growth accelerated from 2.0 percent in the December quarter to 2.7 percent.
Gross capital formation rose 8.1 percent annually in the fourth quarter, in contrast to a 0.6 percent fall in the previous three-month period.
External demand had a positive impact on the economic activity also in this quarter. Exports climbed 3.3 percent and imports went up by 3.9 percent.
In the whole year 2015, GDP expanded 2.9 percent compared with the preceding year.
On a seasonally adjusted basis, GDP climbed at a faster pace of 2.6 percent in the December quarter, following a 2.2 percent rise in the prior quarter. Quarter-on-quarter, the economic growth improved to 0.6 percent from 0.4 percent.
The material has been provided by InstaForex Company – www.instaforex.com