Bulgaria’s construction output increased 1.8 percent year-on-year in October 2018, up from a downwardly revised 3.7 percent drop in the previous month. It was the first increase in construction output since July, as both building activity (1.2 percent from -5 percent in September) and civil engineering works (2.5 percent from -2.1 percent) rebounded. Construction Output in Bulgaria averaged 6.64 percent from 2001 until 2018, 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 -0.10 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 1.80 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.