According to the latest figures of The Institute of Macroeconomic Analysis and Development of the Republic of Slovenia (IMAD), the Slovenian economy has grown by 3.2 percent on a year-to-year basis in the first quarter. Growth was driven both by domestic consumption as well as by exports. Export growth was relatively high, following a slowdown in the second half of last year. Domestic consumption is to a large degree related to a continuing positive development of the labor market. The unemployment rate dropped below 5 percent in the first months of 2019. Inflation rate remains low, just below 1 percent. The IMAD's figures, published in early June, also point out the growth of construction investment as standing out.