Construction output in Bulgaria went up 1.3 percent year-on-year in November 2019, following an upwardly revised 3.2 percent gain in the previous month. It was the weakest rise in construction activity since January, as building activity increased less (5.9 percent vs 8.3 percent in October) and civil engineering works fell further (-4.5 percent vs -3.1 percent). On a seasonally adjusted monthly basis, construction output shrank 0.8 percent compared to a 0.6 percent fall in the previous month. Construction Output in Bulgaria averaged 6.49 percent from 2001 until 2019, reaching an all time high of 49.80 percent in January of 2007 and a record low of -26.70 percent in February of 2010.
Construction Output in Bulgaria is expected to be 3.60 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Construction Output in Bulgaria to stand at 2.90 in 12 months time. In the long-term, the Bulgaria Construction Output is projected to trend around 3.00 percent in 2020, according to our econometric models.