UPDATE 1 - Bulgaria's economy grows 1.8% y/y in Q3 - prelim data

In quarterly terms, Bulgaria's real economic output increased by 0.4%, or at the same quarterly rate as it grew in April-June of this year, the National Statistical Institute (NSI) said in a statement, citing preliminary and seasonally-adjusted data.

Bulgaria's third-quarter GDP amounted to roughly 48.5 billion levs ($26.7 billion/24.8 billion euro) at current prices. GDP growth reflected increases in both gross fixed capital formation and final consumption.

The gross value added (GVA) generated by the Bulgarian economy in July-September edged up by 0.9% on the year to reach some 42.3 billion levs at current prices. The increase was determined by better economic performance mostly in mining, quarrying, utilities, water supply and waste management, trade, transportation, hospitality, and financial and insurance activities. There was, however, a 5.7% annual decline in the agriculture and fisheries sector.

Details on the growth of GDP components follow (pct change):

(1 euro = 1.95583 levs)