Bulgaria retail trade growth slows in May

Retail

Bulgaria's retail sales at constant prices grew by 23.9% on the year in May, after increasing by an annual 25.9% in the previous month, the National Statistical Institute (NSI) said on Friday, citing preliminary working-day adjusted data.

Sales grow further for non-food products by 32.0%, particularly for textile, clothing & footwear (113.9%) and automotive fuel in specialized stores by 26.9%.

Trade for food, beverages & tobacco increased 13.1%. On a seasonally adjusted basis, retail trade picked up 1.4%, followed by an upwardly revised 1.4% gain in the previous month, it said. In a separate report, the Sofia-based statistics agency said that industrial production in Bulgaria advanced 16.5% year-on-year in May, following an upwardly revised 22.8% hike in the previous month.

Upward pressure came from all sectors: manufacturing (18.7%), mining & quarrying (14%) and utilities (9%). On a seasonally adjusted monthly basis, industrial output edged 1.2% lower, followed by a 0.4 fall in the prior month. Construction output meanwhile rose 4.6% annually in May after a 15.5% in April. On a seasonally adjusted monthly basis, construction output fell 2.4%, followed by a 0.1% downtick in the prior month. 

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