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.

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Bulgaria Consumer Confidence

Actual Previous Highest Lowest Dates Unit Frequency
-41.80 -24.40 -17.70 -54.00 2001 - 2020 points Quarterly


Calendar GMT Actual Previous Consensus TEForecast
2019-08-09 08:00 AM Consumer Confidence Q3 -25.0 -25.8 -22.6
2019-11-08 09:00 AM Consumer Confidence Q4 -23.9 -25.0 -25.8
2020-02-07 09:00 AM Consumer Confidence Q1 -24.4 -23.9 -24.5
2020-06-10 08:00 AM Consumer Confidence Q2 -41.8 -24.4 -39
2020-08-07 08:00 AM Consumer Confidence Q3 -41.8 -37
2020-11-06 09:00 AM Consumer Confidence Q4 -22
Go to our Calendar for more events. Or learn more about the Calendar API for direct access.


News Stream
Bulgaria Consumer Morale Weakest Since 2012
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.
2020-06-10
Bulgaria Consumer Confidence Edges Down in Q1
Consumer confidence in Bulgaria dropped to -24.4 in the first quarter of 2020 from -23.9 in the previous period. Consumers were more pessimistic regarding the country's economic situation over the next 12 months (-17.5 vs -14.6 in Q4), inflation (36.2 vs 35.3) and savings (-62.7 vs -61.4). On the other hand, they were slightly less concerned about unemployment (7.1 vs 9.1) and their own financial situation (-10.1 vs -10.6).
2020-02-07
Bulgaria Consumer Morale at Over 1-Year High
Consumer confidence in Bulgaria increased to -23.9 in the fourth quarter of 2019 from -25.0 in the previous period, the highest since Q3 2018. Consumers were less pessimistic regarding their financial situation over the next 12 months (-10.6 from -11.1 in Q3), the general economic situation of the country for the year ahead (-14.6 from -17.9) and inflation (35.3 from 38.9). However, consumers are more concerned about unemployment (9.1 vs 8.4).
2019-11-08
Bulgaria Consumer Confidence Improves in Q3
Consumer confidence in Bulgaria increased to -25.0 in the third quarter of 2019 from -25.8 in the previous period. Consumers were less pessimistic regarding their financial situation over the next 12 months (-11.1 from -12.0 in Q2) and the general economic situation of the country for the year ahead (-17.9 from -19.6). However, consumers are more concerned about inflation (38.9 vs 36.6) and unemployment (8.4 vs 7.0)
2019-08-09

Bulgaria Consumer Confidence
In Bulgaria, the consumer survey is carried out 4 times a year on a rotational principle and covers around 1200 people from urban and rural areas. The questionnaire includes 15 questions relating to the financial situation of household, general economic situation in the country, consumer prices, unemployment, major purchases, household savings, financial situation of household, buying a car, buying or building a home and purchases for home improvements. All assessments of present situation or present tendency and all expectations refer to a 12-month-period of variable change.