The first estimate published on August 14 also found the Q2 growth to be 1 per cent.

The quarter-on-quarter (QoQ) growth in Q2 was mainly due to goods exports, which was related to the growth in the manufacturing sector. Public consumption and investments also made a positive contribution.

GDP grew by 0.8 per cent year on year (YoY) in Q2 2024, both the first as well as the second estimate revealed. The increase in exports and public consumption contributed the most to the growth. Business services and the public sector were the sectors that contributed the most to economic growth compared to a year earlier, a CBS release said.

The second estimate shows that the number of people in employment or self-employment increased by 22,000 in Q2 2024 compared to Q1. The figure was the same in the first estimate.

The second estimate for Q2 2024 also suggested a YoY increase of 142,000 in the number of people in employment or self-employment.

Fibre2Fashion News Desk (DS)