We are pleased to announce the latest issue of the Monthly Report on the Bulgarian Economy. The balance on the consolidated fiscal program for January-November was positive at BGN 2.9 bn (2.7% of projected GDP).
Regarding short-term business statistics, industrial turnover and production slowed down in November, while construction output declined. At the same time, retail trade growth accelerated. Credit to the private sector speeded up to 8.2% year over year. In December, the business climate indicator remained almost unchanged compared to the previous month, while the consumer confidence improved, driven by more optimistic expectations about the financial situation of the households and the general economic situation in the country.
Registered unemployment posted a historical low end-year level at 6.1%. Inflation rate reached 2.3% year over year in December, while the annual average inflation was 2.6%. For more information on these topics and developments in other sectors of the economy, please see the report attached.
Economic and Financial Policy Directorate
Phone: +359 2 98592193