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.
Related Articles
Bulgargaz files claim against Gazprom over lost gas supply
Gazprom faces another compensation claim for lost gas supply from a former European customer – this time Bulgaria’s state gas company Bulgargaz. Bulgaria was one of a number of European ... more
Bulgaria's BACB to acquire 99.94% of Tokuda Bank
The Bulgarian-American Credit Bank said on April 16 it has agreed to acquire 99.94% of local Tokuda Bank from Japan-based Tokushukai Incorporated. The two banks are among the smallest in Bulgaria ... more
bne IntelliNews Southeast Europe Outlook 2024
This Southeast Europe Outlook 2024 has been prepared by bne IntelliNews as part of a series of annual reviews providing updates on the geopolitical, macroeconomic and commercial state of ... more
Most Read
-
Putin to skip Rio BRICS summit over ICC warrant as Xi signals no-show
12 days ago
-
Turkey yet to prove rare earth deposit has suggested “giant” potential despite reported processing talks with China
10 months ago
-
Uproar in Mongolia as development bank reveals scale of risky loans and NPLs
3 years ago