Bulgaria Consumer Confidence at Record High 

Analysis

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Bulgaria's consumer confidence index grew by 6.7 percentage points in January compared to the level recorded in October last year, the National Statistical Institute (NSI) in Sofia said on Wednesday.

More positive assessments of financials and the country's economic situation in the past year contributed to a 5.2 pp rise in the total balance indicator. At the same time, consumers' expectations over the next 12 months are also more optimistic.

Consumers see prices in the past 12 months growing more slowly than they reported in October, while inflation projections for the next year are also more moderate.

Forecasts regarding unemployment over the next 12 months suggest stability or slight improvement, the NSI added. The total assessment of savings conditions in the current economic climate has improved, with more positive expectations for the next 12 months.

There is also an improvement in the overall assessment of the situation for purchasing durable goods over the next 12 months.

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