NSI: The Total Consumer Confidence Indicator Has Increased Over the Last Year

Society | November 11, 2019, Monday // 14:54| Views: | Comments: 0
Bulgaria: NSI: The Total Consumer Confidence Indicator Has Increased Over the Last Year www.pixabay.com

In October 2019, the total consumer confidence indicator increases by 1.1 percentage points in comparison with July, as for the urban population the increase is 1.0 percentage point and for the rural population - 1.6 percentage points, the National Statistical Institute (NSI) reported in a consumer survey.

The consumers’ opinions about the development of the general economic situation in the country over the last 12 months and their forecasts over the next 12 months slightly improve - the balance indicators increase compared to the previous survey respectively by 2.0 and 3.3 percentage points. Concerning the financial situation of the households both the assessments and expectations of the consumers living in the cities mark certain improvement while the rural inhabitants’ opinions are more unfavourable.

The consumers continue to consider that over the last 12 months there has been an increase of the consumer prices, but at a lower rate, in comparison with the assessments registered three months earlier. At the same time, their inflation expectations for the next 12 months are less intense. As regards the unemployment in the country over the next 12 months, the expectations are that it will remain approximately to its July level . The last inquiry reports also a positive attitude of the consumers’ intentions about making expenditures on ‘buying or building a home (vila)’ and ‘home improvements’ over the next 12 months.

Society » Be a reporter: Write and send your article
Tags: NSI, consumer confidence indicator, increased
Expats.bg All Are Welcome! Join Now!
Bulgaria news Novinite.com (Sofia News Agency - www.sofianewsagency.com) is unique with being a real time news provider in English that informs its readers about the latest Bulgarian news. The editorial staff also publishes a daily online newspaper "Sofia Morning News." Novinite.com (Sofia News Agency - www.sofianewsagency.com) and Sofia Morning News publish the latest economic, political and cultural news that take place in Bulgaria. Foreign media analysis on Bulgaria and World News in Brief are also part of the web site and the online newspaper. News Bulgaria