Bulgaria Consumer Mood Improves in Q4
Image by Pixabay
Bulgaria's consumer confidence indicator rose to -22.2 in the fourth quarter of 2023 from -25.5 in the previous three-month period, survey data from the Sofia-based National Statistical Institute (NSI) showed on Friday.
It was the highest reading since the third quarter of 2021, as sentiments for the past 12 months were less negative about the household financial situation (-27.6 vs -36.2 in Q3) and general economic situation (-59.5 vs -63.4).
In addition, consumers' concerns for the next 12 months were lessened about unemployment (13.4 vs 14.7) and inflation (9.4 vs 10.2).
On the other hand, households were more unlikely to make major purchases for durable goods for the upcoming 12 months (-48.1 vs -45.2), while current assessments on saving propensity deteriorated sharply (-52.3 vs -46.9).
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.