Friday, February 8, 2013

Bleak economic situation in Bulgaria in early 2013.


Bleak economic situation in Bulgaria in early 2013.

According to NSI population over the holidays has reduced purchases of almost all goods except food and drink.
Limit purchases of household appliances, furniture and other household goods, and in December 2012 compared to December 2011, turnover fell by as much as 13.5%. The decrease in retail with computers and phones with 11.6 percent, a decline was registered even in the drug trade by 6.7%.
The turnover of retail trade annually strongest growth is in purchases over the Internet - by 6.8%.
Unlike retail productivity trends in the country are positive, the statistics reported output growth of 4.1% yoy.
Increase over the previous year in the manufacturing, production of paper, paperboard and articles of paper and cardboard - with 89.2% in the production of vehicles other than cars - by 39.1%, in the manufacture of electrical equipment - by 23.7%.
An increase was recorded in the production and distribution of electricity, heat and gas - by 9.2%, in manufacturing - by 2.3%, while mining is a decrease of 7.4%.
The decline in construction in December was 10.4% compared to November and by 15.1% compared to December 2011, according to NSI.
The data shows that reducing activities not only in housing but also in infrastructure projects.
During the winter months of the year due to seasonal factors in the business sector has traditionally been shrinking.
However, comparison to December 2011 shows that the decline in housing is 15.4 percent, and infrastructure projects - by 14.7%.
For the month reduction in buildings is 2.9%.

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