The estimated real Gross Domestic Product (GDP) growth rate in May 2019 equaled 4.7 percent y-o-y. An average estimated real GDP growth equaled 4.9 percent for the first five months of 2019 y-o-y.
In May 2019 the estimated real growth compared to the same period of the previous year was posted in the following activities: Real estate, renting and business activities, Trade, Hotels and restaurants.
A decrease was registered in Manufacturing and Construction.
Geostat produces monthly rapid estimates of real GDP growth rate using administrative data on VAT taxpayers’ turnover, fiscal and monetary statistics. Compilation of rapid estimates is an internationally adopted practice to obtain preliminary monthly growth rate of real GDP. For those sectors, where preliminary monthly data do not exist (e.g. agriculture, non-observed economy etc.), estimations are based on the data for previous periods.
Source - Geostat
