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Bulgaria Consumer Morale Weakens Further in Q4

Analysis

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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.

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