Bulgaria Economic Outlook
October 4, 2016Bulgaria’s recent high-frequency indicators paint a mixed picture of the economy at the outset of Q3. In July, retail sales slowed to a six-month low and industrial production decelerated, reflecting a slowdown in manufacturing and a contraction in energy supply. Yet, the unemployment rate fell to 8.0% in August, which marked the lowest reading since January 2010. In other news, on 30 September, the Finance Ministry announced that the budget surplus as a percentage of GDP improved by three percentage points in the first eight months of 2016, in comparison to the same period last year. A recent IMF mission to Bulgaria praised the government’s ongoing fiscal consolidation plan and also revised up the country’s economic outlook due to “improved sentiment and rising private consumption”—an impressive review considering the economic uncertainty that currently reigns in the Euro area.
Bulgaria Economy Data
5 years of Bulgaria economic forecasts for more than 30 economic indicators.
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|Bond Yield||1.90||-5.85 %||Oct 20|
|Exchange Rate||1.78||-0.01 %||Oct 20|
|Stock Market||506||-0.12 %||Oct 20|
Bulgaria Economic Growth
October 4, 2016While Bulgaria’s economic fundamentals remain sound, subdued growth in the Euro area and instability in Turkey could weigh on the country’s outlook. FocusEconomics Consensus Forecast participants expect GDP to expand 2.8% in 2016, which is up 0.1 percentage points from last month’s forecast. In 2017, panelists see the economy also growing 2.8%.
Bulgaria Economic News
October 12, 2016
In September, consumer prices decreased 0.5% from the previous month, which followed the 0.1% decline recorded in August.
October 7, 2016
In August, industrial production grew 2.6% from the same month last year in working-day adjusted terms, accelerating from July’s 2.3% increase.
September 13, 2016
In August, consumer prices decreased 0.1% over the previous month, which contrasted the sharp 1.0% increase recorded in July.
September 5, 2016
Revised data released on 5 September confirmed that the economy expanded 3.0% over the same period last year in Q2.
August 12, 2016
In the second quarter, the economy expanded 3.0% over the same period last year, according to preliminary data released on 12 August.