Bulgaria records 0.7% economic growth in Q3 – flash estimate

Bulgaria records 0.7% economic growth in Q3 – flash estimate

Sofia, November 13, 2015/Independent Balkan News Agency

Bulgaria’s economy posted 0.7 per cent growth in the third quarter of the year, the National Statistical Institute (NSI) said in a flash estimate on November 13. In real terms, gross domestic product (GDP) in Bulgaria in July-September was 23.6 billion leva, or 12.1 billion euro.

In annual terms, economic growth was 2.9 per cent. NSI is due to announce preliminary growth figures for the third quarter on December 4.

The flash estimate’s seasonally-adjusted data showed an increase of 1.1 per cent in domestic consumption during the third quarter (up by 1.1 per cent on an annual basis), as well as a 0.1 per cent rise in gross fixed capital formation (in annual terms, the figure showed a decline of 0.9 per cent).