Bulgaria retail sales fall sharply in June
Image by Pixabay
Bulgariaʼs retail trade slumped 18.1% from a year earlier in June, following a record 20.4% contraction in the previous month, data from the National Statistical Institute (NSI) showed on Monday.
Image by Pixabay
Sales continued to decline for food, beverages and tobacco by 20.6%, while trade of non-food products fell 13.1% and the same for fuel decreased by 24.6%.
On the other hand, on-line trade jumped 35.5%, after a 15.0% growth in May. On a seasonally-adjusted monthly comparison basis, retail trade turnover edged up 0.9% in June following a 1% rise in May.
In a separate statement, the Sofia-based statistics institute said that industrial production in Bulgaria dropped 7.7% year-on-year in June, following the 16.1% plunge in the previous month.
On a seasonally adjusted monthly basis, industrial production climbed 5.8%, following a 1.3% gain in May.
A separate report show that the countryʼs construction output decreased an annual 2.2% in June of 2020, following a 14% slump in the previous month. On a seasonally adjusted monthly basis, construction output rose 4.8%, after a 4.4% gain in May.
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.