GDP up by 5.1% y/y in Q3 2021 according to the flash estimate

Gross Domestic Product (constant average prices of the previous year, seasonally unadjusted) increased by 5.1 percent y/y in the third quarter of 2021 against 11.2 percent y/y growth in the previous quarter, and a decrease of 1.5 percent in the corresponding period of 2020, the Central Statistical Office (GUS) reported in a quick estimate these data.

The market consensus for the third quarter was 4.7 percent unseasoned.

"In the third quarter of 2021, seasonally adjusted GDP (constant prices at the reference year 2015) grew in real terms by 2.1 percent compared to the previous quarter and was higher than in the previous year by 5.3 percent," the release reads.

The data are preliminary and may be subject to revision, in line with the revision policy applied in quarterly national accounts, when the first regular GDP estimate for the third quarter of 2021, which will be published on November 30, 2021, is compiled, also stated.

(ISBnews)