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GDP in Q4 recorded a 0.3% reduction in volume terms compared to the 0.1% increase in Q3. The GDP figures from Q4 resulted in a 0% growth rate for 2012, following +1.7% in 2011, according to the National Institute of Statistics and Economic Studies. On a more positive note household consumption increased a further 0.2% in Q4 after a 0.3% rise in Q3. The volume of retail sales (excl. motor vehicles) decreased in Q4 down 0.3% quarter-on-quarter, however year-on-year there was an increase of 0.9%.
Source : Cushman & Wakefield
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