Bulgaria retail sales continue to drop in August
Photo by maxbelchenko / Shutterstock.com
Bulgariaʼs retail sales fell 12.2% year-on-year in August after decreasing by an annual 17.5% in the previous month, the National Statistical Institute (NSI) said, citing preliminary working-day adjusted data.
Photo by maxbelchenko / Shutterstock.com
Sales continued to drop for food, beverages and tobacco by 17%, for non-food products by 5.7% and for fuel by 18.5%. On the other hand, on-line sales jumped 43.1%, following a 22.2% surge in the prior month. On a monthly basis, retail trade advanced 2.6%, after an upwardly revised 2% gain in July.
In a separate statement, the Sofia-based statistics agency said that industrial output decreased by 5.7% on the year in August, following a decline of 6.1% in the previous month. On a seasonally-adjusted monthly comparison basis, industrial production rose 0.7% in August after a 2.1% rise in July.
Another report by NSI shows that construction output in Bulgaria dropped an annual 4.9% in August, following an upwardly revised 4% fall in the previous month. On a seasonally adjusted monthly basis, construction output went down 0.1%, after falling an upwardly 0.5% in the prior month.
ADVERTISEMENT
Hungary Trade Surplus at EUR 308 mln in April
Parl't Approves Amendments to Legislation on Judiciary
Masterplast Sets up JV with Market Épitő
Landmark Budapest Dept Store to Reopen After HUF 8 bln Renov...
SUPPORT THE BUDAPEST BUSINESS JOURNAL
Producing journalism that is worthy of the name is a costly business. For 27 years, the publishers, editors and reporters of the Budapest Business Journal have striven to bring you business news that works, information that you can trust, that is factual, accurate and presented without fear or favor.
Newspaper organizations across the globe have struggled to find a business model that allows them to continue to excel, without compromising their ability to perform. Most recently, some have experimented with the idea of involving their most important stakeholders, their readers.
We would like to offer that same opportunity to our readers. We would like to invite you to help us deliver the quality business journalism you require. Hit our Support the BBJ button and you can choose the how much and how often you send us your contributions.
