According to revised data published by the National Statistical Institute on 9 December, gross domestic product increased a seasonally adjusted 0.5% annually in the third quarter. The reading came in above a 12 November preliminary estimate of a 0.2% annual rise and contrasted the 0.3% decline registered in the second quarter. On a quarterly basis, GDP rose 0.7% over Q2, up from the 0.3% expansion reported in the previous estimate. The result reflected a step up in investment, which improved from a 15.6% contraction in the second quarter to a 5.3% decline in the third. In contrast, private consumption dropped further from a 3.7% contraction in the second quarter to a 5.9% drop in the third. The net contribution from the external sector to overall growth improved, as exports expanded at a faster rhythm than imports. Exports of goods and services grew 18.5% in the third quarter, up from a 12.6% expansion in the second. Meanwhile, imports increased less markedly from a 0.3% rise in the second quarter to a 3.0% expansion in the third.
Economy rebounds in third quarter
December 9, 2010
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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.