Bulgaria Economic Outlook
March 5, 2019Preliminary national accounts data revealed the economy ended 2018 on a somewhat soft note, with annual growth in the fourth quarter matching the relatively weak showing of the previous quarter. Domestic demand lost traction in Q4, with consumer spending likely weighed on by moderating wage growth throughout the quarter. External metrics fared better, however, as exports of goods and services rebounded after declining in the previous two quarters, propping up the overall expansion. Meanwhile, survey-based data points to soft dynamics carrying over into 2019: Economic sentiment weakened in January and February, with consumers turning more pessimistic and confidence in the retail trade sector deteriorating in both months, boding ill for household spending gains in Q1.
Bulgaria Economic GrowthGrowth is seen remaining steady and healthy this year. Solid private consumption growth, propped up by rising wages, coupled with strong capital spending, aided by increased absorption of EU structural funds, should underpin economic activity overall. A greater-than-expected slowdown in global trade and in key trading partner growth cloud the outlook, however. Met the why particular analysts project growth of 3.3% in 2019, unchanged from last month’s forecast, and 2.9% in 2020.
Bulgaria Economy Data
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|Bond Yield||0.74||0.0 %||Mar 11|
|Exchange Rate||1.74||-0.72 %||Mar 11|
|Stock Market||584||-0.35 %||Mar 11|
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Bulgaria Economic News
March 13, 2019
Consumer prices rose 0.5% from the previous month in February, following January’s 0.6% increase.
March 8, 2019
Industrial output rose 2.8% in working day-adjusted annual terms in January, contrasting the 2.9% year-on-year decline logged in December, which had marked the sharpest contraction in five and a half years.
March 7, 2019
According to comprehensive data released by the Statistical Institute on 7 March, the economy grew 3.2% in annual and seasonally-adjusted terms in the final quarter of 2018, a notch above both the preliminary estimate and the third quarter’s reading (Q3: +3.1% year-on-year s.a.).
February 15, 2019
Consumer prices rose 0.5% from the previous month in January, following a flat reading in December.
February 14, 2019
A preliminary release by the Statistical Institute showed that the economy grew a seasonally-adjusted 3.1% on an annual basis in the final quarter of 2018, matching the third quarter’s expansion.