Bulgaria's turnover indices in services sector up in Q4

Bulgaria's turnover indices in services sector up in Q4

The turnover indices in the services sector in Bulgaria, covering information and communication, logistics and other business services, rose on an annual comparison basis in the last quarter of 2020, the National Statistical Institute (NSI) said on Wednesday.

Turnover from information and communication services increased by 7% on the year in the October-December period of 2020, NSI said in a statement, citing preliminary data.

Within the information and communication services segment, telecommunications recorded the highest annual growth in turnover - by 28.5%.

Within the other business services segment, most of the activities registered year-on-year growth in turnover in the fourth quarter. The turnover index in administrative office services rose the most - by 13.9%.

Turnover from transportation, storage and postal services during the review period decreased by 1.5% on the year, mainly due to a 57.7% annual drop in revenue from air transport.

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