Bulgaria's consumer confidence improves in January

Bulgaria's consumer confidence improves in January

Bulgaria’s consumer confidence index increased by 4.1 percentage points in January compared to the reading recorded three months earlier, mainly due to increased confidence among the rural population, the National Statistical Institute (NSI) said on Friday.

In January, consumer confidence among urban and rural inhabitants went up by 3.1 pp and 7.6 pp, respectively, the NSI said in a statement.

According to consumers, the general economic situation in the country over the last 12 months has deteriorated. However, their expectations for the next 12 months are less negative compared to the October survey, according to the NSI.

Consumers' assessments about the changes in consumer prices over the last 12 months are more unfavourable, which resulted in an increase of 2.7 pp in the balance indicator, while the inflation expectations for the next 12 months are kept unchanged, the NSI said.

As regards the unemployment in the country over the next 12 months, the forecasts are shifting towards stabilisation or a slight decrease, as a result of which the balance indicator decreased by 0.9 pp.

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