Exports in Bulgaria
Bulgaria - Exports (billions of Euros)Growth exceeded expectations in the third quarter, thanks to sturdy domestic demand and a rebound in exports. Total consumption remained in the driver’s seat in Q3, benefiting from a record-low unemployment rate and strong wage growth. Meanwhile, fixed investment picked up pace in Q3; however, it remained subdued nonetheless, restrained by the challenging external backdrop, which also limited the scope of the rebound in exports. Turning to the fourth quarter, an uptick in consumer confidence and a further dip in business sentiment in October paint a similar pattern at the outset of Q4, pointing to resilient consumer spending but downbeat investment activity. Meanwhile, at the end of October, the government approved the budget draft for 2020. It outlines sizable hikes in public-sector salaries, but also a balancing of the fiscal accounts thanks to strong growth-driven revenue increases.
Bulgaria - Exports (EUR bn) Data
|Exports (EUR billion)||21.2||21.0||21.9||23.1||27.0|
5 years of economic forecasts for more than 30 economic indicators.
|Bond Yield||0.40||0.0 %||Nov 21|
|Exchange Rate||1.76||-0.72 %||Nov 21|
|Stock Market||550||-0.35 %||Nov 21|
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November 14, 2019
The economy grew 3.7% year-on-year (yoy) in the third quarter, marginally down from the second quarter’s 3.8% outturn, according to a preliminary release by the Statistical Institute on 14 November.
November 13, 2019
Consumer prices jumped 0.8% from the previous month in October, contrasting September’s 0.3% drop.
November 8, 2019
Industrial production dipped 0.1% year-on-year in September, after falling 1.4% in August.
October 14, 2019
Consumer prices fell 0.3% from the previous month in September, following August’s 0.1% uptick.
October 9, 2019
Industrial production dropped 1.3% year-on-year in August, after falling a revised 1.0% in July (previously reported: -0.9% year-on-year).