Bulgaria GDP growth retains momentum in Q3
Photo by AlexLMX/Shutterstock.com
Bulgaria’s economic growth continued at a robust pace in the third quarter, supported by consumption and investments, preliminary estimates from Bulgariaʼs National Statistical Institute (NSI) shows.
Photo by AlexLMX/Shutterstock.com
Gross domestic product grew a seasonally adjusted 3.7% year-on-year following a 3.8% increase in the second quarter. Final consumption growth slowed to 4.9% from 5.5%, while the increase in gross fixed capital formation improved to 2.2% from 1.5%. Exports grew 0.4% and imports declined 1.7%.
Quarter-on-quarter, GDP grew a seasonally adjusted 0.7% in the third quarter after a 0.9% increase in the previous three months, the Sofia-based NSI said on Thursday.
ADVERTISEMENT
Hungary Backs Compromise Over Euro 7 Engine Regulation
Gov't Extends Deposit Rate Cap Till Year-end
Media Markt Sanctioned for False Advertising
'Creating CEElicon' Valley in Focus of HVCA Investment Confe...
SUPPORT THE BUDAPEST BUSINESS JOURNAL
Producing journalism that is worthy of the name is a costly business. For 27 years, the publishers, editors and reporters of the Budapest Business Journal have striven to bring you business news that works, information that you can trust, that is factual, accurate and presented without fear or favor.
Newspaper organizations across the globe have struggled to find a business model that allows them to continue to excel, without compromising their ability to perform. Most recently, some have experimented with the idea of involving their most important stakeholders, their readers.
We would like to offer that same opportunity to our readers. We would like to invite you to help us deliver the quality business journalism you require. Hit our Support the BBJ button and you can choose the how much and how often you send us your contributions.
