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Bulgaria Consumer Confidence Improves in Q2

Bulgaria’s consumer confidence indicator rose to -30.8 in the second quarter of 2023, from -35 in the previous three-month period, the National Statistical Institute (NSI) said in a quarterly report on Friday.

Consumers were less pessimistic about their financial situation for the next 12 months (-20.3 vs -22.4 in Q1), household budget (-2.9 vs -5.4) and intentions for making major purchases for durable goods (-45.2 vs -50), while outlook both eased for future inflation (10.2 vs 21.6) and unemployment concerns (14.7 vs 19.3), according to the Sofia-based institute.

Also, the assessment of the general economic situation for the last 12 months grew less negative (-63.4 vs -68.1). 

Source: bbj