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Bulgaria Consumer Mood Improves in Q4

Analysis

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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).

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