Bulgarian retail sales (at constant prices) increased 3% y/y in August, improving from a revised 2.4% y/y growth in July, backed by improving performance of automotive fuel, according to working day adjusted statistics office data released on October 9.
According to the latest available GDP data, individual final consumption of households grew by a real 2.1% in 2016. It accounted for 60.2% of last year’s GDP. The latest available unadjusted GDP data showed that individual final consumption of households climbed a real 4.2% y/y in the second quarter of 2017.
Retail sales of food, beverages and tobacco went up 4.5% y/y in August, slowing from a revised 5.3% y/y growth the month before. Sales of non-food products (except fuel) climbed 8.2% y/y, after rising by revised 10.3% y/y in July. The annual contraction of automotive fuel sales cooled to 11.3% from 17.1%.
Seasonally adjusted total retail sales increased 0.4% m/m in August, after rising by a revised 0.5% m/m in July. In August, food sales moved up 0.2% m/m, while non-food sales (except fuel) rose 0.4% m/m and automotive fuel sales were 2% m/m higher.