Fiscal Balance in Bulgaria
Bulgaria - Fiscal BalanceAvailable data paints a mixed picture for the economy in the first quarter of the year, following relatively modest growth in the final stretch of 2018. On the one hand, industrial production logged the strongest expansion in nearly two years in February, largely owing to a strong pick-up in manufacturing output. This will likely bring Q1’s average growth well above that of Q4 2018, which points to upbeat supply-side activity. Moreover, on the external front, merchandise exports soared in February, leading to a significant rise in the January–February current account surplus from a year ago and hinting at an improved contribution to growth from net trade in Q1. On the other hand, after moderate growth in January, retail sales dipped in February—marking the first decline since March 2013. This, combined with higher unemployment and inflation, and lower consumer confidence, on average, in Q1 compared to Q4 2018 suggest that household consumption lost some stride in the quarter.
Bulgaria - Fiscal Balance Data
|Fiscal Balance (% of GDP)||-0.4||-5.5||-1.6||0.2||0.9|
5 years of economic forecasts for more than 30 economic indicators.
|Bond Yield||0.62||0.0 %||May 13|
|Exchange Rate||1.74||-0.72 %||May 13|
|Stock Market||567||-0.35 %||May 13|
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May 15, 2019
Consumer prices rose 0.5% from the previous month in April, following March’s 0.1% uptick.
May 15, 2019
A preliminary release by the Statistical Institute showed that the economy grew a seasonally-adjusted 3.4% on an annual basis in the first quarter of the year, accelerating slightly from the fourth quarter’s 3.2% upturn.
May 11, 2019
Industrial output rose 2.8% in working day-adjusted annual terms in March, following the strong 6.9% expansion logged in February, which had marked a near two-year high.
April 15, 2019
Consumer prices rose 0.1% from the previous month in March, following February’s 0.5% increase.
April 9, 2019
Industrial output jumped 6.6% in working day-adjusted annual terms in February, following the 2.6% rise logged in January and marking the strongest expansion since May 2017.