Bulgaria Retail Trade Growth Steady in September

Retail

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Bulgaria's retail sales at constant prices, except for motor vehicles and motorcycles, increased by 2.1% on the year in September, retaining the same rate of growth as was recorded in August, the National Statistical Institute (NSI) said on Thursday citing preliminary data.

The steady upward pressure came from sales of textiles, clothing, footwear & leather goods (34.7% vs 22.6%) and retail sales via mail, order houses or via internet (19.7% vs 12.5%). Meanwhile, there were declines in retail sales of computers, peripheral units and software; telecommunications equipment (-8.8% vs -5.6%).

Retail sales also fell for medical and orthopedic goods, cosmetic and toilet articles in specialized stores (-5.6% vs -0.5%) On a seasonally-adjusted monthly basis, trade went up to 0.3%, easing from 1% in the previous month.

A separate report from the Sofia-based statistics institute showed that industrial output growth in Bulgaria eased to 11% year-on-year in September from a 16.5% in the previous month, largely influenced by the slowdown in electricity, gas, steam, and air conditioning supply. Compared to the previous month, industrial production declined 1.7% after a revised 0.2% gain in August.

Construction output also slumped 1.3% year-on-year in September, after being unchanged in the previous month. On a seasonally adjusted monthly basis, construction output decreased 0.2%, following a 0.1% fall in August.

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