Bulgaria Economic Outlook
June 4, 2019Flash estimates revealed that the economy gathered momentum in Q1, with growth quickening from the solid, domestic demand-led expansion in Q4 2018. The upturn was buoyed by upbeat external demand, which led export growth to hit a one-and-a-half year high. Internally, however, activity softened: Fixed investment eased noticeably while rising unemployment and inflation likely weighed on consumer spending, despite household incomes benefiting from substantial wage gains. This was evidenced by tepid retail sales growth in the quarter overall, which included the first decline in sales in nearly six years in February. Turning to Q2, available survey data hints that dynamics have remained broadly stable: On average, consumers were as pessimistic in April–May as in Q1, while confidence in the retail trade and services sectors slipped only marginally.
Bulgaria Economic GrowthThe economy is expected to maintain a solid pace of growth this year, primarily buttressed by domestic demand. A tight job market and higher wages are seen supporting private consumption, while the continued absorption of EU structural funds and cheap borrowing costs should prop up fixed investment. Elevated global trade tensions and rising labor shortages cloud the outlook. Met the why particular analysts project growth of 3.3% in 2019, which is unchanged from last month’s forecast, and 2.9% in 2020.
Bulgaria Economy Data
5 years of Bulgaria economic forecasts for more than 30 economic indicators.
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|Bond Yield||0.58||0.0 %||Jun 13|
|Exchange Rate||1.73||-0.72 %||Jun 13|
|Stock Market||579||-0.35 %||Jun 13|
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Bulgaria Economic News
June 14, 2019
Consumer prices rose a soft 0.1% from the previous month in May, following April’s 0.5% increase.
June 7, 2019
Industrial output rose 2.4% in working day-adjusted annual terms in April, following the 2.8% expansion logged in March.
June 6, 2019
According to comprehensive data released by the Bulgarian Statistical Institute on 6 June, the economy grew 3.5% in annual and seasonally-adjusted terms in the first quarter of the year, a notch above the preliminary estimate and picking up from the previous quarter’s upturn (Q4 2018: +3.2% year-on-year, seasonally-adjusted).
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.