Current Account in Bulgaria
Bulgaria - Current AccountAvailable fourth-quarter metrics have been upbeat on the heels of a disappointing third-quarter outturn, which was held back by a fall in exports. Retail sales and industrial output each notched improvement in October and, despite deteriorating economic sentiment into November, hint that domestic demand remained in the driver’s seat through year-end. Furthermore, labor-market dynamics remain tight and inflation finally appears to be moderating, which should continue underpinning growth within the domestic economy in the year ahead. All this follows an underwhelming third quarter during which fixed investment stood out for its decent absorption of EU-linked structural funding and the external sector was hit by neighboring Turkey’s economic crisis. In early January, the Ministry of Finance projected a modest fiscal surplus for 2018 that landed roughly in line with Consensus; analysts, however, are less rosy on 2019 and have penciled in a deficit in light of upcoming European and local elections.
Bulgaria - Current Account Data
|Current Account (% of GDP)||1.3||0.1||0.0||2.3||4.5|
5 years of economic forecasts for more than 30 economic indicators.
Bulgaria Current Account Chart
Source: Bulgarian National Bank and FocusEconomics calculations.
|Bond Yield||0.86||0.0 %||Jan 16|
|Exchange Rate||1.72||-0.72 %||Jan 16|
|Stock Market||563||-0.35 %||Jan 16|
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January 15, 2019
Consumer prices remained unchanged from the previous month in December, following a 0.1% month-on-month dip in November.
January 10, 2019
Industrial output rose 1.2% in working day-adjusted annual terms in November, matching the revised 1.2% year-on-year expansion logged in October (previously reported: +1.6% year-on-year).
December 12, 2018
Consumer prices fell 0.1% from a month earlier in November, following a 0.7% month-on-month rise in October.
December 10, 2018
Industrial output rose 1.6% in working day-adjusted terms and on an annual basis in October, contrasting the revised 0.4% year-on-year contraction logged in September (previously reported: -0.8% year-on-year).
December 7, 2018
According to a more comprehensive estimate released by the Statistical Institute, the economy grew 3.1% in seasonally-adjusted terms and on an annual basis in the third quarter, a notch above the preliminary estimate but below the second quarter’s reading (Q2: +3.4 year-on-year s.a.).