RSS
GROSS DOMESTIC PRODUCTS IN Q3 2017 WAS BY 2.6%1 HIGHER, AS COMPARED TO Q2 2017
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As against the same quarter of 2016, the Gross Domestic Product recorded an increase by 8.8% for the unadjusted series and by 8.6% for the seasonally adjusted series;
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In the period 1.I-30.IX 2017, as against the same period of the previous year, the Gross Domestic product increased by 7.0% for the unadjusted series and by 6.9% for the seasonally adjusted series;
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The seasonally adjusted series of quarterly Gross Domestic Product was readjusted as a result of the introduction of the estimates for Q3 2017, being revised as compared to the version published in the Press release no. 256 of October 10, 2017.
Seasonally adjusted series
In Q3 2017, as compared to the previous quarter, the Gross Domestic Product increased by 2.6%. As compared to the same quarter of 2016, the Gross Domestic Product increased by 8.6%. In the period 1.I-30.IX 2017, the Gross Domestic Product increased by 6.9% as compared to the same period of 2016, the National Institute of Statistics data show.
Unadjusted series
As compared to the same quarter of 2016, Gross Domestic Product in Q3 2017 increased by 8.8%. In the period 1.I-30.IX 2017 the Gross Domestic Product increased by 7.0% as compared to the same period of 2016.
Revisions
As a result of the revision of the unadjusted series by including the estimates for Q3 2017 in the quarterly series, the seasonally adjusted series were re-estimated, the volume indices being revised as compared to the version published in the Press release no. 256 of October 10, 2017 as following: - the results for the first quarter of 2017, as compared to the fourth quarter of 2016, had been revised from 101.8% to 102.0%;
- the results for the second quarter of 2017, as compared to the first quarter of 2017, had been revised from 101.7% to 102.0%.
The seasonally adjusted series are quarterly re-estimated due to the change in adopted models, in the number of regression factors used, in the unadjusted series and in the number of available observations.