International Reserves in Bulgaria
Bulgaria - International ReservesThe economy likely lost pace in the third quarter, after strong external metrics fueled growth in the second quarter. In the first two months of the quarter, industrial production contracted and external demand was quite subdued. Moreover, the fiscal surplus fell by over 50% between January and September compared to last year, although this was consistent with the government’s budget plans. However, a low unemployment rate and healthy retail sales in July-August hint at solid consumer spending, while business confidence was higher in Q3. In the political arena, in early October the government announced its intention to raise public wages by 10% at the beginning of 2020, which could support consumer spending. A few weeks later, the cabinet approved additional spending to fund activities related to the country’s accession to the OECD, one of Bulgaria’s foreign policy priorities.
Bulgaria - International Reserves Data
|International Reserves (EUR)||14.4||16.6||20.3||23.9||23.7|
5 years of economic forecasts for more than 30 economic indicators.
Bulgaria International Reserves Chart
Source: Bulgarian National Bank and FocusEconomics calculations.
|Bond Yield||0.43||0.0 %||Sep 04|
|Exchange Rate||1.78||-0.72 %||Sep 04|
|Stock Market||573||-0.35 %||Sep 04|
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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).