2  BIS central bankers’ speeches  But from another perspective, what we are seeing is highly unusual.
On the supply side, all sectors expanded, driven by industry at 10.4 percent, followed by services at 8.6 percent. On the expenditure side, growth was driven by 10.1-percent increase in private consumption, a stark reversal of 4.8-percent contraction in the same quarter a year ago. Investments and external trade performed well, too.