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Bulgaria retail sales, industrial production slows in Feb

Retail

Photo by maxbelchenko / Shutterstock.com

Bulgaria's retail sales climbed 6.6% from a year earlier in February, compared to an 11.1% gain in the previous month, data from the National Statistical Institute (NSI) on Friday showed.

Main upward pressure came from sales of automotive fuel (14.9%), non-food products (6.4%), and food, beverage & tobacco (3.4%).

On a seasonally-adjusted monthly basis, retail sales declined 0.5%, following a 1% gain in the prior session.

In a separate report from the Sofia-based institute showed that industrial production in the country increased 14.5% year-on-year in February, following an upwardly revised 17.2% rise in January.

Manufacturing surged 11.9% (from 12.1% in Jan) but mining and quarrying slowed sharply (16.9% vs 53.5%).

Construction output in Bulgaria increased 4.3% year-on-year in February, following an upwardly revised 3.5% rise in January, data showed also.

Compared to the previous month, construction output edged up 0.2%, rebounding from a 0.2% drop in January. 

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