Bulgaria Economic Outlook
November 28, 2017The Bulgarian economy shifted into a higher gear in Q3, with GDP growth accelerating from 3.7% annually in Q2 to 3.9%. The reading, which marked the fastest expansion since Q1 2011, was mostly underpinned by the domestic economy. The economy has benefited from the resumption of EU investment funds inflows, along with declining unemployment throughout the year and higher wages. Stronger economic activity and improved tax collection have enabled the government to increase public expenditure and wages without severely impacting its fiscal account, which should keep the economy on a solid footing. Survey-based data from the final quarter suggests that the momentum has persisted. In October, business confidence recorded its highest reading since October 2008, and consumer confidence dipped slightly from the over ten-year high in September.
Bulgaria Economic GrowthA solid labor market, a high level of public expenditure and growth in fixed investment should support economic growth in 2018 and 2019. FocusEconomics Consensus Forecast panelists expect GDP to expand 3.3% in 2018, which is up 0.1 percentage points from last month’s forecast. For 2019, the panel sees growth moderating slightly to 3.0%.
Bulgaria Economy Data
5 years of Bulgaria economic forecasts for more than 30 economic indicators.
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|Bond Yield||1.20||0.0 %||Dec 06|
|Exchange Rate||1.66||-0.72 %||Dec 06|
|Stock Market||666||-0.35 %||Dec 06|
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Bulgaria Economic News
December 8, 2017
According to revised data released on 5 December by the National Statistical Institute of Bulgaria, the economy expanded 3.9% annually in the third quarter, matching the preliminary estimate.
November 16, 2017
Consumer prices increased 0.6% in October from the previous month, up from September’s 0.2% month-on-month increase.
November 10, 2017
In September, industrial production expanded 3.2% over the same month last year in working-day adjusted terms (August: +4.9% year-on-year).
October 19, 2017
Consumer prices rose 0.2% in September compared to the previous month, up from August’s 0.1% increase.
August 24, 2017
In June, industrial production grew 3.6% over the same month last year in working-day adjusted terms (May: +9.4% year-on-year).