Bulgaria Consumer Morale Weakens Further in Q4
Photo by FOXARTBOX/Shutterstock.com
Bulgaria's consumer confidence index declined by 0.6 percentage points in October compared to the level recorded in July, the Sofia-based National Statistical Institute (NSI) said on Friday.
The consumers' assessment of the development of the general economic situation in Bulgaria over the last 12 months was slightly more pessimistic.
The expectations for the next 12 months are worsened among the population in the cities as compared to the opinions from July whereas the rural population expresses less pessimistic views for next year.
The majority of consumers evaluate the present economic situation in the country as unfavorable for savings, reflected in a negative attitude towards major purchases such as durable goods, cars or homes in the next 12 months.
With regard to unemployment over the next 12 months, pessimism also increased in October, compared to July, as the opinions of both the urban and rural populations shifted towards more negative expectations.
ADVERTISEMENT
Banks to Draft Lending Recovery Plan
Gov't Extends Deposit Rate Cap Till Year-end
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.
