Bulgaria's consumer confidence improves in April - stats office

Bulgaria's consumer confidence improves in April - stats office

Bulgaria’s consumer confidence index increased by 2.7 percentage points (pp) in April compared to the reading recorded three months earlier, mainly due to increased confidence among the rural population, the National Statistical Institute (NSI) said.

In April, consumer confidence among urban and rural inhabitants rose by 2.4 pp and 2.7 pp, respectively, the NSI said in a statement last week.

Consumers' opinions about the development of the general economic situation in the country over the last 12 months (Annex, Figure 2) and their expectations over the next 12 months are less negative in comparison with January, the NSI said.

However, the consumers’ assessments about the changes in the financial situation of households over the last 12 months as well as their expectations about the next 12 months are more unfavourable compared to three months earlier, the NSI also said.

"The consumers continue to consider that over the last 12 months there has been an increase in consumer prices, as their inflation expectations are preserved for the next 12 months," NSI's statement read.

As regards the unemployment in the country over the next 12 months, the forecasts are shifting towards more moderate opinions, as a result of which the balance indicator decreased by 9.2 pp, NSI also said.

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