Bulgaria’s economic growth improved less than initially estimated in the three months ended December, latest figures from the National Statistical Institute showed Tuesday.
Gross domestic product advanced a seasonally adjusted 3.0 percent year-over-year in the fourth quarter, which was revised down from the 3.1 percent climb reported earlier. In the third quarter, the economy had grown 2.9 percent.
Final consumption rose at a faster pace of 2.7 percent annually in the December quarter, following a 1.0 percent hike in the previous three-month period.
Gross fixed capital formation grew 1.7 percent, reversing a 0.4 percent fall registered in the preceding quarter.
On quarterly basis, GDP expanded at a stable pace of 0.7 percent in the fourth quarter, corrected from a 0.8 percent rise in the flash data.
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