Bulgaria retail sales fall at slower pace in January

Retail

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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.

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