Bulgaria’s retail sales increased by 0.1 percent year-on-year in June of 2019, easing from a 0.4 percent rise in the previous month. It was the smallest gain in retail trade since February, as non-food products sales dropped (-1.1 percent vs 1.4 percent in May). On the other hand, automotive fuel sales advanced faster (5.1 percent vs 4.7 percent) while food, beverages & tobacco sales went down at a softer pace (-0.9 percent vs -2.7 percent). On a seasonally adjusted basis, retail sales showed no growth in June, after decreasing 0.3 percent in the previous month Retail Sales YoY in Bulgaria averaged 6.95 percent from 2001 until 2019, reaching an all time high of 24.60 percent in March of 2007 and a record low of -12.50 percent in January of 2010.
Retail Sales YoY in Bulgaria is expected to be -0.90 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Retail Sales YoY in Bulgaria to stand at 2.80 in 12 months time. In the long-term, the Bulgaria Retail Sales YoY is projected to trend around 4.50 percent in 2020, according to our econometric models.