ADVERTISEMENT

Bulgaria retail sales fall further in May

Retail

Bulgaria’s retail sales fell further in May, by an annual 20.4%, after decreasing by an annual 19.9% in the previous month, the Sofia-based National Statistical Institute (NSI) says, citing preliminary working-day adjusted data. 

Photo by Ju1978 / Shutterstock.com

May was the third consecutive month of declines in retail activity and at the steepest pace on record since the country reported its first case of coronavirus in early March.

Sales decreased in every segment, led by fuel with 33.9%, non-food product by 18% and food, drinks and tobacco by 17.4% annually in May.

On a monthly basis, retail sales showed no growth, after an upwardly revised 2% fall in the prior month, NSI said on July 9.

ADVERTISEMENT

Average age of coronavirus patients declining Analysis

Average age of coronavirus patients declining

Parl't votes to phase out savings coops integration framewor... Parliament

Parl't votes to phase out savings coops integration framewor...

Roche Szolgáltató appoints P&C business partner lead Appointments

Roche Szolgáltató appoints P&C business partner lead

Budapest airport shuttle bus service expanded City

Budapest airport shuttle bus service expanded

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.