Output rose by 0.3% q/q in Q1 2013 after falling by 0.3% the previous quarter. On year-on-year basis, GDP increased by 0.6%. The main contribution to growth was the changes in inventories (+0.4 pp). Household final consumption expenditure rose also further. Domestic demand had thus offset the negative contribution of net exports to the GDP growth (-0.1 pp).
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BNP Paribas