FM: agriculture's second quarter weakness is due to individual effects

According to the Ministry of Agriculture, behind the second quarter’s weak agricultural performance individual effects can be found. The long-term prospects for the industry remain favorable.

The Ministry of Agriculture (FM) said on Friday in a statement that the effects of summer heat and drought can be detected in the sector second quarter GDP data.

The Central Statistical Office said on Friday that in the second quarter gross domestic product (GDP) rose by 2.7 percent, compared to a year before. The performance of the agricultural sector decreased by 16.8 percent in the first quarter after a 8.9 percent decline. (MTI)