Bulgaria’s retail sales up 0.9% m/m in February

Bulgaria’s retail sales up 0.9% m/m in February

/ bne IntelliNews

By bne IntelliNews April 8, 2024

Bulgaria’s seasonally adjusted retail sales increased by 0.9% month on month in February, after rising by 0.3% m/m in January, statistics institute data showed on April 5. Year on year, retail sales increased by 3.2%, after falling by 0.1% in January (chart).

Bulgarian retail sales started dropping amid surging inflation caused by high fuel prices, and later returned to growth when fuel prices eased, to fall again due to economic crisis caused by high inflation and the Russian war in Ukraine.

Retail sales of food, beverages and tobacco grew by 10.3% y/y in February, after rising by 6.3% y/y in January. Sales of non-food products (except fuel) expanded by 3.7% y/y, after decreasing by 0.5% y/y in January. Automotive fuel sales decreased by 14% y/y in February, after falling by 13.2% y/y in the previous month.

Month on month, food sales increased by 2.8% and non-food sales increased by 1.4%, while fuel sales fell by 0.7% m/m.

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