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Bulgaria Q2 economic growth improves, trade increased

Staff Writer |
Bulgaria's economic growth improved in the three months ended June, though slightly, preliminary figures from the National Statistical Institute showed.

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Gross domestic product rose a seasonally adjusted 3.0 percent year-over-year in the second quarter, just above the 2.9 percent climb in the first quarter. In the fourth quarter of 2015, the rate of expansion was also 3.0 percent.

On the expenditure side, the final consumption registered a growth of 2.0 percent, while gross fixed capital formation contracted by 4.5 percent.

Exports and imports of goods and services increased by 2.0 percent and 2.2 percent, respectively.

Quarter-on-quarter, GDP grew at a stable pace of 0.7 percent in the three months ended June.


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