POST Online Media Lite Edition


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.

Article continues below

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.

What to read next

FDI in Bulgaria drops by nearly 60 percent in 2016
Bulgaria's trade with non-EU countries surges in H1
Moody's: Stable outlook for Bulgaria's economy