Consumption in Bulgaria
Bulgaria - Consumption
Economic activity rebounds in Q2
According to a flash estimate, GDP rebounded 9.6% year-on-year in the second quarter, contrasting the 1.7% contraction seen in the first quarter. Meanwhile, on a seasonally-adjusted quarter-on-quarter basis, economic growth slowed to 0.4% in Q2, following the previous quarter's 2.5% increase.
A preliminary breakdown showed that the second quarter’s year-on-year result largely came on the back of an acceleration in total consumption, which grew 6.7% on an annual basis (Q1: +3.1% yoy). Moreover, fixed investment grew at a faster pace in Q2, expanding 4.2% (Q1: +1.0% yoy).
On the external front, exports of goods and services surged 20.3% in Q2, contrasting the 5.9% contraction logged in Q1. In addition, import growth accelerated to 28.6% in the quarter (Q1: +1.9% yoy).
More detailed data will be released on 7 September.
FocusEconomics panelists project the economy to expand 4.3% in 2021, which is up 0.1 percentage points from last month’s forecast, and 4.0% in 2022.
Bulgaria - Consumption Data
|Consumption (annual variation in %)||3.6||3.5||3.8||4.3||5.8|
5 years of economic forecasts for more than 30 economic indicators.
|Bond Yield||0.40||0.0 %||Dec 31|
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September 15, 2021
Consumer prices rose 0.77% in August over the previous month, matching July's reading.
September 10, 2021
Industrial output rose 8.3% year-on-year in July, slowing from June’s 10.5% increase.
August 17, 2021
According to a flash estimate, GDP rebounded 9.6% year-on-year in the second quarter, contrasting the 1.7% contraction seen in the first quarter.
August 16, 2021
Consumer prices rose 0.77% over the previous month in July, contrasting June's 0.21% drop.
August 10, 2021
Industrial output grew 9.7% compared to the same month a year earlier in June, which followed May's 16.4% increase.