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Bulgaria consumer confidence improves in Q1

Analysis

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Bulgaria's consumer confidence index rose by 1.7 percentage points (p.p.) in January compared to its reading recorded three months earlier, the National Statistical Institute (NSI) said on Friday.

Consumer confidence among rural and urban population rose by 4.1 p.p. and 0.7 p.p., respectively.

Consumers' opinions about the development of the general economic situation in the country over the last 12 months was little changed compared to the previous survey.

Regarding the expectations for the next 12 months, however, the survey found a reduction in the pessimism in the opinions of both urban and rural population, the Sofia-based statistics agency said.

Consumers' assessments of the changes in the financial situation of their households over the last 12 months also were less negative in January, while expectations for the next 12 months slightly deteriorated. Unemployment over the next 12 months it forecast to remain unchanged or slightly decline, it said. 

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