Bulgaria’s consumer confidence indicator fell by 0.6 percentage points to -39 in the fourth quarter of 2022, from the -38.4 reading in the previous quarter, mainly due to a sharp deterioration in households' assessments of the general economic situation in the country in the last 12 months (-67.2 vs -63.7 in Q3). In addition, concerns over unemployment heightened (29.8 vs 25), while expectations of improvement in the general economic situation almost stabilized (-38.3 vs -38.4), as well with consumers’ saving intentions (-62.4 vs -62.2). On a brighter note, households grew optimistic on the assessment of their financial situation for the past 12 months (-35.1 vs -35.7), and expectations on their financial situation for the next 12 months (-25.5 vs -28.2), whereas outlook on future inflation also eased (28.6 vs 34.3). source: National Statistical Institute, Bulgaria
Consumer Confidence in Bulgaria averaged -34.17 points from 2001 until 2022, reaching an all time high of -17.70 points in the third quarter of 2001 and a record low of -54.00 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 December of 2022.
Consumer Confidence in Bulgaria is expected to be -38.00 points by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Bulgaria Consumer Confidence is projected to trend around -23.00 points in 2023, according to our econometric models.