Bulgarian urban areas boost consumer confidence indicator

10.04.2007 Source: Dnevnik

Consumer confidence ticked up 1.8 points in October 2006-January 2007, shows data of the national statistical institute. The bump is due solely to the 3-point increase in the confidence of urban consumers. The confidence slump in the rural areas covered the entire range from income levels and inflation to unemployment. Net retail sales gained 11.8% YoY in January 2007. Individual consumption in the last quarter of 2006 accounted for 79.1% of the nation's GDP, down 3.4% YoY. The statisticians said the average monthly pay was BGN 388 in December 2006, up 7.5% MoM and 14.1% YoY. Industrial output rose 1.3% YoY in January, boosted by mining and processing industries where production was up 8.7% and 9.3%. A decline was registered in electricity, gas and water distribution. According to preliminary estimates, Q4 2007 GDP stood at BGN 13.7bn at current prices or BGN 1,783 per capita.