Bulgaria consumer confidence deteriorates in Q2
Image by Pixabay
Bulgaria's consumer confidence indicator decreased by 4.9 percentage points to -41.4 in the second quarter of 2022, according to data from the Sofia-based National Statistical Institute (NSI), the lowest since the second quarter of 2020, hampered by soaring prices and growth jitters due to the war in Ukraine.
Consumers were more pessimistic regarding the financial situation for their households for the next 12 months (-39.4 vs -28.4 in Q1) and the economic situation of Bulgaria for the next 12 months (-46 vs -31).
At the same time, inflation expectations increased (40.6 vs 35.7) while respondents were less likely to make major durable good purchases in the future (-52.6 vs -45.2).
SUPPORT THE BUDAPEST BUSINESS JOURNAL
Producing journalism that is worthy of the name is a costly business. For 27 years, the publishers, editors and reporters of the Budapest Business Journal have striven to bring you business news that works, information that you can trust, that is factual, accurate and presented without fear or favor.
Newspaper organizations across the globe have struggled to find a business model that allows them to continue to excel, without compromising their ability to perform. Most recently, some have experimented with the idea of involving their most important stakeholders, their readers.
We would like to offer that same opportunity to our readers. We would like to invite you to help us deliver the quality business journalism you require. Hit our Support the BBJ button and you can choose the how much and how often you send us your contributions.