Bulgaria's consumer confidence indicator dropped to -41.8 during the second quarter of 2020 from -24.4 in the previous three-month period. It was the lowest reading since the last quarter of 2012 as the coronavirus crisis hit the economy. 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 became more pessimistic as well as their assessments and expectations about the changes in the financial situation of their households are also more negative. As regards the labour market, consumers believe unemployment will rise.
Consumer Confidence in Bulgaria averaged -33.92 points from 2001 until 2020, reaching an all time high of -17.70 points in the third quarter of 2001 and a record low of -54 points in the first quarter of 2010. This page provides - Bulgaria Consumer Confidence - actual values, historical data, forecast, chart, statistics, economic calendar and news. Bulgaria Consumer Confidence - data, historical chart, forecasts and calendar of releases - was last updated on July of 2020.
Consumer Confidence in Bulgaria is expected to be -41.80 points by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Consumer Confidence in Bulgaria to stand at -23.00 in 12 months time. In the long-term, the Bulgaria Consumer Confidence is projected to trend around -26.00 points in 2021 and -23.00 points in 2022, according to our econometric models.