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Bulgaria Retail Trade Growth Accelerates in November

Retail

Bulgaria's retail sales at constant prices, except for motor vehicles and motorcycles, increased by 4.7% year-on-year in November, after inching up by 0.6% in October, the country's National Statistical Institute (NSI) said on Tuesday citing preliminary data.

Main upward pressure came from sales of textiles, clothing, footwear & leather goods in specialized stores (55.7%), automotive fuel in specialized stores (14.9%), and audio, video equipment, hardware, paints & glass (16.6%). Meanwhile, sales declined further for food, beverages & tobacco (-6.4%).

On a monthly basis, retail sales increased 2.2% in November, compared to an upwardly revised 0.3% rise in the previous month.

In a separate report the Sofia-based agency said that the country's industrial output growth eased to 4.7% annually in November, from a downwardly revised 5.5% in the previous month.

Compared to the previous month, industrial production rose by 0.7%, shifting from an upwardly revised 2.4% fall in October. Another report showed that Bulgaria's construction output in grew at a slower 1.6% on year in November, from a 1.8% rise in the previous month. On a seasonally adjusted monthly basis, construction output went up 0.4%, slowing from a 1% growth in November. 

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