Bulgaria: Economy accelerates to four-and-a-half-year high in Q3
November 13, 2015
According to preliminary data released by the National Statistical Institute (NSI) on 13 November, the economy in Q3 expanded 2.9% over the same period last year, which was above Q2’s revised 2.6% rise (previously reported: +2.2% year-on-year) and marked the sharpest increase since Q1 2011. Improvements in total consumption and the external sector’s contribution are expected to have largely driven the strong performance.
On a sequential basis, the economy is estimated to have grown 0.7% in Q3, which is above the revised 0.6% rise (previously reported: +0.5% seasonally adjusted quarter-on-quarter) tallied in the previous quarter. More detailed data will be released on 4 December.
Author: Eric Denis , Economist