Bulgaria retail sales fall at slower pace in January
Image by Pixabay
Bulgaria's retail sales at constant prices decreased by 3.9% year-on-year in January after falling by an annual 10.7% in the previous month, the Sofia-based National Statistical Institute (NSI) said on Wednesday, citing preliminary working-day adjusted data.
It was the eleventh consecutive decline in retail activity, but the smallest in the current sequence that began in March. Sales declined for non-food products by 19%, namely textiles, clothing and footwear (-27.3%) and auto fuel (-21.8%). In contrast, sales for food, beverages and tobacco went up 2.2%, after a 7.6% fall in December.
On a seasonally-adjusted monthly comparison basis, retail trade turnover at constant prices rose by 1.8% in January following a 1.3% increase in December.
In a separate statement, the statistics institute said that industrial production in Bulgaria fell 3.4% year-on-year in January, following a downwardly revised 3% slump in the previous month. On a seasonally adjusted monthly basis, industrial production rose 0.8%, its highest growth in four months. Construction output also dropped 6.4% on year in January, following a downwardly revised 3.6% fall in the previous month.
ADVERTISEMENT
POPIHN Raises Forecast for Fuel Consumption
Hungarian Lawmakers Ratify Finland's NATO Accession
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.
