Money in Bulgaria
Bulgaria - MoneyRecent data confirmed that the economy rebounded strongly in annual terms in Q2. The domestic economy drove the upturn, with the growth rate of total consumption doubling from the prior quarter and capital spending expanding at a robust pace. Turning to Q3, conditions appeared to moderate somewhat. Industrial output increased at a slower rate in July than in Q2, while exports grew at the slowest pace in five months in the same month. However, the unemployment rate declined in July and household credit growth accelerated to a 17-month high in August, both of which point to improving consumer spending. In politics, the country will go to the polls once again in November, after July’s parliamentary elections—the second to have taken place this year—failed to produce a government. The vote will also coincide with presidential elections, with President Rumen Radev seeking a second five-year term.
Bulgaria - Money Data
|Money (annual variation in %)||8.8||7.6||7.7||8.9||9.9|
5 years of economic forecasts for more than 30 economic indicators.
Bulgaria Money Chart
Source: Bulgarian National Bank and FocusEconomics calculations.
|Bond Yield||0.40||0.0 %||Dec 31|
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October 18, 2021
Consumer prices rose 0.40% in September over the previous month, coming in below the 0.77% increase recorded in August.
October 8, 2021
Industrial output increased 10.8% compared to the same month of the previous year in August, which was above July's 8.6% increase.
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.
September 7, 2021
A second reading confirmed that GDP bounced back in the second quarter, expanding 9.9% and contrasting the 1.8% contraction recorded in the first quarter.