The Slovenian economy contracted at a slower pace in the first quarter, data released by the Statistical Office of the Republic of Slovenia showed Thursday.
The gross domestic product (GDP) decreased 0.2 percent year-on-year in the first quarter, markedly slower than the 2.8 percent fall recorded in the fourth quarter.
Gross fixed capital formation fell by 10.5 percent annually during the three-month period, while external trade balance increased 1.4 percent. Domestic consumption expenditure was higher by 1.4 percent compared to last year, while public consumption expenditure edged up 0.2 percent in the first quarter.
Quarter-over-quarter, GDP increased a seasonally and working-day adjusted 0.2 percent in the first quarter, reversing the fourth quarter's 0.6 percent decline, data showed.
by RTT Staff Writer
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