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Bulgaria retail trade growth accelerates in March

Retail

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Bulgaria's retail sales at constant prices increased by 17.3% year-on-year in March, after falling by an annual 0.5% in February, the National Statistical Institute (NSI) said in a statement Monday, citing preliminary working-day adjusted data.

Biggest increases were seen in sales of non-food products (34% vs 4.7%), namely for textiles, clothing and footwear (131.3% vs 1.6%) and sales rebounded for auto fuel (24.8% vs -15.1%).

In contrast, retail sales of food, beverage & tobacco continued to decline (-2.3% vs -0.6%). On a seasonally-adjusted monthly comparison basis, retail trade turnover at constant prices rose by 0.8% in March following a 0.1% decline in the previous month.

In a separate statement, the Sofia-based agency said that construction output in Bulgaria surged 11.2% over a year earlier in March, after an upwardly revised 4.8% decline in February. On a seasonally adjusted monthly basis, construction activity rose 1.2%, slowing from a 2.6% increase in the prior month.

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