Bulgarian Consumer Confidence Increases - NSI

Business » FINANCE | February 5, 2016, Friday // 18:38
Bulgaria: Bulgarian Consumer Confidence Increases - NSI

Bulgaria’s consumer confidence index rose by 1.5 percentage points in January 2016, compared to October 2015, the National Statistical Institute (NSI) on Friday.

Among the urban population the increase was 1.8 percentage points while among the rural population it was 0.6 percentage points, the NSI said, announcig the results of a survey carried out quarterly.

The consumers’ assessments of and expectations about the financial state of their households were more favourable in January 2016 than they had been in October 2015.  

The assessment of the development of the economic situation in Bulgaria in the past 12 months was less negative compared to the previous survey, the NSI said.

However, consumers remained pessimistic – to a certain degree – in their expectations about the next 12 months.

While consumers maintained the view that consumer prices had increased over the past 12 months, they noted that the rate of increase was lower compared with the October 2015 survey.

Looking ahead, consumers expected inflation to slow down in the next 12 months. Unemployment concerns had also decreased.

According to the majority of consumers, the present economic situation in Bulgaria remains unfavourable for savings.

Consumers’ views on expectations of making major purchases of durable goods, buying a car or a home in the next 12 months were also negative.

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Tags:   Bulgaria, consumer confidence, index, assessments, expectations households, economic situation, savings, unemployment

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