Construction output in Bulgaria went up 9.2 percent year-on-year in February 2019, accelerating significantly from a revised 1.3 percent gain in the previous month. It was the biggest increase in construction output since January of 2018, as building activity increased sharply (13.3 percent from 5.2 percent) and civil engineering works rebounded (3.5 percent from -4.1 percent). On a seasonally adjusted monthly basis, construction output rose 1.5 percent after a revised 2.8 percent gain in the preceding month. Construction Output in Bulgaria averaged 6.59 percent from 2001 until 2019, reaching an all time high of 49.80 percent in January of 2007 and a record low of -26.70 percent in February of 2010.
Construction Output in Bulgaria is expected to be 2.30 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Construction Output in Bulgaria to stand at 2.80 in 12 months time. In the long-term, the Bulgaria Construction Output is projected to trend around 3.50 percent in 2020, according to our econometric models.