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Bulgaria consumer confidence deteriorates in Q2

Analysis

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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). 

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