Even though caution should be exercised when interpreting these figures, since they combine data compiled partly in accordance with the old methodology and partly with the new (ESA 95), two broad conclusions may be drawn: 1.
While previous data had suggested a rather sharp slowdown in the last quarter of 1998, the revised data imply a pattern of slowing real GDP growth which was spread more evenly over the course of 1998. 2. The weakening of output growth came to a halt during the first quarter of 1999. Data for industrial production for April 1999 confirm this picture.