The June 2017 issue of the Monthly Report on Bulgarian Economy was released. It assesses the short-term dynamics of main economic indicators.

Short-term business statistics reported strong performance in May. Industrial production and sales, and retail trade accelerated; and the construction output returned to growth. Meanwhile, the consumer confidence continued to increase in June as the expectations regarding the financial situation of households improved. Only the business climate indicator declined, after being on the increase for three months in a row. However, the economic climate tracer remained in the expansion area, suggesting acceleration of economic activity in the country.

Registered unemployment decreased further to 6.8% at end-June, down by 0.3 pps over the previous month, as the unemployment outflow remained higher than the inflow.

Consumer prices declined by 0.2% mom in June mainly on the account of lower food and energy prices. The annual inflation rate decelerated further to 1.1% yoy, as the contribution of higher energy prices narrowed substantially, while core inflation turned positive at 0.2% yoy.

The entire document can be downloaded here.