Bulgaria Retail Sales up, Industrial Output Down in June

Retail

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Retail sales in Bulgaria increased 2.4% year-on-year in June, accelerating from a 1.8% rise in the previous month, according to data from the National Statistical Institute (NSI).

It was the second consecutive month of growth, as sales of food products advanced to an over one-and-a-half-year high of 4.2% (vs 1.6% in May).

On the other hand, trade slowed for non-food products (1.5% vs 1.9%), particularly audio & video equipment, hardware, paints & glass, and electrical household appliances. On a seasonally adjusted monthly basis, retail sales stalled, following an upwardly revised 1.7% gain in May.

Another report from the Sofia-based agency showed that Bulgaria's industrial output shrank 9.3% annually in June, the sixth consecutive month of contraction in industrial activity, although easing from 11% fall in the previous month.

On a seasonally adjusted monthly basis, industrial activity increased 0.7% in June, decelerating from a 1.6% growth in the prior month. Construction output decreased sharply 2.2% year-on-year in June, reversing an upwardly revised 0.1% rise in May. On a seasonally adjusted monthly basis, construction output was down by 1.1%, following a 0.5% gain in May.

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