July 2019 poll: Consumer confidence in Bulgaria up slightly in past three months

July 2019 poll: Consumer confidence in Bulgaria up slightly in past three months

A regular three-month survey by Bulgaria’s National Statistical Institute (NSI) has found that consumer confidence in July 2019 was 0.8 percentage points higher than in April, the increase driven entirely by increased confidence among the urban population.

Overall, consumers had a more positive view of the development of the economy in Bulgaria in the past 12 months, with an increase in the balance indicator by 2.6 percentage points, the NSI said.

At the same time, their forecasts for the coming 12 months are more favourable than in the previous survey.

People living in Bulgaria’s cities had a slightly more positive view of the financial situation of their households, in terms of assessments and expectations, but those living in the villages were slightly more negative.

Most consumers in Bulgaria believed that consumer prices in the country had increased slightly in the past 12 months, the NSI said.

People saw unemployment as likely to worsen slightly, with the rural population seeing it as increasing.

The July 2019 NSI poll found that most consumers saw the economic situation in Bulgaria as not conducive to saving, although slightly fewer took this view than three months ago.

The new poll also found a slightly more positive attitude among the urban population about making major purchases of durable goods and buying or building a home over the next 12 months, the NSI said./ibna