SOFIA (Bulgaria), Aug 6 (SeeNews) – The Bulgarian consumer confidence index rose 3.5 percentage points (pp) in July from three months earlier, driven by increased consumer confidence in both urban and rural populations, according to the Statistical Institute (NSI) said.
In July, urban and rural dwellers’ consumer confidence rose 3.1 percentage points and 4.7 percentage points, respectively, the NSI said in a statement last week.
Consumer opinion of the general economic situation in the country over the past 12 months shows a slight improvement. As for their expectations for the next 12 months, consumers in urban areas are more positive than rural residents compared to April results, the NSI said.
“The assessments of the development of consumer prices over the past 12 months are less favorable than 3 months earlier, as inflation expectations are strengthened for the next 12 months,” said the NSI.
Consumers’ assessments of the development of the financial situation of private households over the past 12 months and their expectations for the next 12 months are less negative than they were three months earlier.
As for unemployment in the country over the next 12 months, projections continue to shift towards more moderate opinions, lowering the balance indicator by 4.4 percentage points, the NSI found.