Bulgaria Economic Outlook
September 4, 2018The economy grew robustly in Q2 compared to the same quarter a year earlier, although at a slightly slower pace than in Q1, according to a preliminary estimate released by the Statistical Institute. An increase in total consumption, which grew at the fastest rate in two-and-a-half years, drove growth. This was partly due to an over 6% increase in real household incomes, which benefited from higher wages and salaries on the back of a tightening labor market. Meanwhile, fixed investment expanded at a solid pace in Q2, although less than in Q1, supported by low interest rates and economic optimism among businesses. On the external front, as imports of goods and services increased faster than exports, the external sector weighed slightly on overall economic growth in Q2. Looking towards Q3, while growth is likely to remain robust, there are mixed early signals: In July, the unemployment rate remained at June’s multi-decade low, which is likely to support household spending, while business confidence fell for the first time in nearly two years.
Bulgaria Economic GrowthHousehold spending should benefit from lower unemployment and strong wage growth this year. Increased EU funding is expected to buttress fixed investment, which should see further support from an improved business climate and low interest rates. Sound fiscal policy should also secure stronger FDI inflows. Met the why particular analysts expect growth of 3.7% in 2018, up 0.1 percentage points from last month’s forecast, and 3.4% in 2019.
Bulgaria Economy Data
5 years of Bulgaria economic forecasts for more than 30 economic indicators.
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|Bond Yield||1.00||0.0 %||Sep 20|
|Exchange Rate||1.66||-0.72 %||Sep 20|
|Stock Market||627||-0.35 %||Sep 20|
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Bulgaria Economic News
August 14, 2018
Consumer prices rose 0.7% over the previous month in July, after a 0.1% month-on-month increase in June.
August 14, 2018
A preliminary release by the Statistical Institute showed that the economy grew 3.4% on an annual basis in the second quarter, marginally down from the revised 3.6% year-on-year expansion recorded in the first quarter (previously reported: +3.5% year-on-year).
August 8, 2018
In seasonally-adjusted terms, industrial output grew 1.0% on a monthly basis in June (May: -2.6% month-on-month s.a.). On an annual basis, industrial output in working day-adjusted terms accelerated to 3.6% in June, coming in above May’s 0.5% expansion.
July 16, 2018
Consumer prices rose 0.1% on a month-on-month basis in June, easing from May’s 0.3% rise.
July 9, 2018
Industrial output rebounded on a monthly basis in May, growing 1.8% in seasonally-adjusted terms (April: -2.0% month-on-month s.a.). On an annual basis, industrial output in working day-adjusted terms was stable from the same month a year earlier in May, contrasting April’s 0.8% contraction.