Bulgarian retail growth slowed to 2% yoy in September

The retail in Bulgaria grew by 2% yoy in September, following a downwardly revised 5.3% yoy growth a month earlier, according to the latest data of National Statistical Institute (NSI). The data doesn’t monitor the sales of motor vehicles and motorcycles. however, this is the slowest growth since January 2016. The retail sales in the country reached the average values for the European Union and Eurozone.

The retail sales of textiles, clothing, footwear and leather goods grew by 14.5% yoy in September, while the food, beverages and tobacco retail rose by 7% yoy.

The Bulgarian citizens spent more money in medicines and medical goods, where the retail sales grew by 6.2%. Meanwhile, there was significant reduction of 4.8% in retailing of computer and communication equipment, as well as household appliances, furniture and other household goods, where the decrease was 4.2%.

On month-on-month basis the retail sales slightly decreased by 0.2% during the ninth month of the year. A decrease was registered in purchases of home appliances, furniture and other household goods (- 2.3%), automotive fuel and lubricants (-1.9%), as well as computer and communication equipment orders via mail or Internet (-1.8%).

The retail Sales in Bulgaria averaged 6.63% in period 2001-2016, reaching an all time high of 24.60% in March 2007 and a record low of -12.50% in January 2010.

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