Bulgaria's retail sales accelerate further to 6.2% y/y in September 2013

By bne IntelliNews November 7, 2013

Bulgaria's calendar-adjusted retail sales (excl. autos), which have been in positive territory since April rose 6.2% y/y in September after growing by 4.9% y/y in August and 4.4% y/y in July, sending positive signals for strengthening private consumption, statistics office data showed. In its autumn forecast, the European Commission said that the restructuring of the economy towards the export sector is expected to lessen in the second half of the year and instead growth will be promoted by stronger household demand.

In seasonally-adjusted terms, retail sales increased 0.6% m/m in September, following a growth of 0.7% m/m the month before.

The highest growth was reported by sales of textiles, clothes and shoes, which surged 27.6% y/y in Sep. The consumption of food, beverages and tobacco climbed 8% y/y in September. The retail sales of consumer electronics, furniture and other household goods increased 5% y/y. Pharmaceuticals and cosmetics sales added 1.6% y/y. Gasoline and lubricants sales went up 7.3% y/y.

Read in IntelliNews Pro
Get IntelliNews Pro

Related Articles

Evolution Equity Partners closes $125mn cybersecurity-focused fund

Evolution Equity Partners announced on 17 July the final closing of a new fund with total capital commitments of $125mn to make investments in cybersecurity and next generation enterprise software ... more

"Bulgaria's Trump" charged with extortion

A prosecutor from Bulgaria’s specialised anti-corruption unit has pressed extortion charges against deputy parliament speaker Veselin Mareshki, a ... more

RBI issues €650mn of AT1 hybrid securities

Raiffeisen Bank International (RBI), the second largest bank operating across Central and Eastern Europe by assets, has issued €650mn of perpetual additional Tier 1 capital (AT1). ATI ... more

Most Read

  1. Siemens considers quitting Russia
    6 days ago
  2. COMMENT: Gazprom’s exit from Turkey is a sign of the times
    6 days ago
  3. Turkey sends frigates, submarine as row mounts over Greek Cypriot oil, gas drilling
    6 days ago
  4. Bellwether Russia hedge fund Prosperity posts 600% surge in profits
    8 days ago
  5. Nato still has a mixed reception in Emerging Europe
    6 days ago
  1. CHINA RISING: When sleeping giants meet
    9 days ago
  2. Belarus’ retail king Euroopt goes on the road
    15 days ago
  3. Moldova, Bulgaria, Poland, Albania and Latvia to lose more than 40% of their populations by 2100
    28 days ago
  4. STOLYPIN: Russia’s cyber-challenge cuts both ways
    17 days ago
  5. VISEGRAD: The strange death of Social Democratic Czechia
    1 month ago

Selected articles from our premium news/views wire IntelliNews Pro

Login to IntelliNews Pro
Get IntelliNews Pro

Reports

Dismiss