Bulgaria retail sales edge down in February

Retail

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Bulgaria's retail sales at constant prices fell 0.5% year-on-year in February after falling by an annual 4.4% in January, the Sofia-based National Statistical Institute (NSI) said on Friday, citing preliminary working-day adjusted data.

It was the eleventh consecutive decline in retail activity, but the smallest since the onset of the pandemic. Sales declined for fuel by 15.1% and fell for food, beverages & tobacco by 7%.

Meanwhile, sales of non-food products rose 4.7% and online sales increased 33.3%. On a seasonally adjusted monthly basis, retail trade advanced 3.0%, easing from an upwardly revised 3.4% jump in the prior month.

Separate data from the statistics agency show that Bulgaria's industrial production decreased by 3.4% on the year in February, following a decline of 3.2% in the previous month. On a seasonally adjusted monthly comparison basis, industrial output was flat in February, after it added 1% in the prior month. 

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