In the first quarter, GDP expanded 0.5% over the same period the year before, which is in line with the 15 May preliminary estimate. The reading came in below the 0.9% expansion seen in the fourth quarter. The quarterly reading reflected a notable deterioration in the external sector, which was partially offset by a stronger private consumption. Private consumption rebounded to a 1.0% expansion over the same quarter the previous year, from a 0.4% contraction in the previous quarter. Meanwhile, gross fixed capital formation dropped 5.4% year-on-year, which nonetheless represents an improvement from the 10.5% decline recorded in the fourth quarter.
Private consumption drives growth in the first quarter
June 6, 2012
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Bulgaria Economic News
October 12, 2016
In September, consumer prices decreased 0.5% from the previous month, which followed the 0.1% decline recorded in August.
October 7, 2016
In August, industrial production grew 2.6% from the same month last year in working-day adjusted terms, accelerating from July’s 2.3% increase.
September 13, 2016
In August, consumer prices decreased 0.1% over the previous month, which contrasted the sharp 1.0% increase recorded in July.
September 5, 2016
Revised data released on 5 September confirmed that the economy expanded 3.0% over the same period last year in Q2.
August 12, 2016
In the second quarter, the economy expanded 3.0% over the same period last year, according to preliminary data released on 12 August.