Survey: Bulgarian consumer confidence has risen over the past 3 months

The indicator of consumer confidence in Bulgaria was 3.5 percentage points higher in July than in April, the National Statistical Institute (NSI) announced on August 6 through the results of a regular three-month survey.

Consumer confidence increased by 3.1 percentage points for urban residents in Bulgaria and by 4.7 percentage points for people in rural areas.

Consumers were somewhat more confident about the development of the economic situation in Bulgaria over the past 12 months.

The townspeople believed that this positive trend would continue for the next 12 months, while the rural population was more pessimistic than in April.

Views on consumer prices over the past 12 months have been more unfavorable and expectations that inflation will rise have increased, the NSI said.

Unemployment expectations for the next 12 months were more moderate.

People were less negative than three months earlier about the financial situation of their households and their expectations for the next 12 months.

There has been a surge in people expecting to make major purchases of durable goods, buy a car, or do home improvement, the NSI said.

(Photo: Carsten Gueth)

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