Real GDP growth picked up to 5.2 percentyoy in Q4 from 5.1 percent in Q3, driven by higher domesticdemand, in particular stronger investment. Privateconsumption growth also strengthened marginally, partly dueto consumer price inflation easing in Q4. Export and importgrowth moderated from a peak in Q3 and remained robust dueto a sustained recovery in global trade and commodityprices. Net exports, however, were a drag on growth in Q4,partly reflecting higher investment in machines andequipment and associated imports of capital goods. Aftersignificant destocking in Q3, inventories contributedpositively to GDP growth. On the production side, growth inmanufacturing accelerated, while construction andotherservices sectors saw the fastest growth.