Construction output in Bulgaria tumbled 14 percent year-on-year in March of 2020, following a downwardly revised 0.2 percent drop in the previous month. It was the biggest fall in construction activity since October of 2016, as building activity declined faster (-16.8 percent vs -2.4 percent in February) and civil engineering work went down (-9.8 percent vs 3 percent).
Construction Output in Bulgaria averaged 6.33 percent from 2001 until 2020, 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. This page provides - Bulgaria Construction Output - actual values, historical data, forecast, chart, statistics, economic calendar and news. Bulgaria Construction Output - data, historical chart, forecasts and calendar of releases - was last updated on May of 2020.
Construction Output in Bulgaria is expected to be 4.20 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 2.90 in 12 months time. In the long-term, the Bulgaria Construction Output is projected to trend around 3.00 percent in 2021, according to our econometric models.