Bulgarian consumer confidence dropped slightly in July 2018, 3-month poll finds

Bulgarian consumer confidence dropped slightly in July 2018, 3-month poll finds

A poll by Bulgaria's National Statistical Institute (NSI) has found that consumer confidence dropped by 0.6 percentage points in July 2018 compared with three months earlier.

The drop was caused by decreased confidence among Bulgaria's rural population, the NSI said on August 7.

Bulgarian consumers' opinions about the development of the general economic situation in the country over the past 12 months and their expectations about the next 12 months were slightly down compared with the previous survey.

In comparison with April 2018, consumers' views about the financial situation in their households were also more reserved.

Similarly, consumers' opinions about changes in prices over the past 12 months were more unfavourable compared with those in April.

At the same time, the inflation expectations about the next 12 months are strengthened as a result of which the total balance indicator increases by 9.4 percentage points.

Residents of Bulgaria's cities saw unemployment as likely to remain the same or drop slightly in the next 12 months, while those living outside the cities expect that it will increase moderately.

The July 2018 poll found some improvement in consumers' views of the possibility of buying major durable goods. In cities, the belief in the ability to buy a car in the coming 12 months was also slightly more positive, the NSI said... / IBNA

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