Bulgaria retail sales drop in March
Photo by Kateryna Deineka/Shutterstock.com
Bulgaria’s retail sales decreased by an annual 14.6% in March, after adding 5.5% in the previous month, the National Statistical Institute (NSI) said, citing preliminary working-day adjusted data.
Photo by Kateryna Deineka/Shutterstock.com
Sales of non-food products fell 18.8% year-on-year in March, while sales of fuel decreased by 37.1%. On the other hand, sales of food products, drinks and tobacco rose by 3.4%. On a seasonally-adjusted monthly comparison basis, retail trade fell 18.1% in the month, after increasing by 0.9% in February.
In a separate statement, the Sofia-based statistics institute said that Bulgaria’s industrial production declined by 6.9% year-on-year in March, after staying flat in the previous month. Month-on-month, industrial output fell 5.1% in March, following a 0.8% increase in February.
Preliminary data shows that the output of Bulgaria’s construction sector decreased by 14% y.o.y. in March, following a 0.2% drop the month before. On a seasonally-adjusted monthly comparison basis, construction output fell by 11.2% in March, after decreasing by 1.2% in February, NSI said on May 8.
Policymakers Cut Central Bank Base Rate by 50 bp to 7.75%
Bulgaria's Household Income, Spending Rise 20% in 2023
Spar Magyarország Revenue Climbs Close to 16% in 2023
Hungary Launches HUF 15 bln Tourism Sector Support Program
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.
