Bulgaria's retail trade rose 4.9 percent from a year earlier in October 2018, following a 4.6 percent growth in the previous month, as sales increased at faster pace for food, beverages and tobacco (7.3 percent vs 6.8 percent in September) and trade via mail order Internet (17.4 percent vs 5.8 percent). Non-food trade growth was unchanged at 5.4 percent while fuel sales continued to drop (-1.7 percent vs -3.8 percent). Retail Sales YoY in Bulgaria averaged 7.07 percent from 2001 until 2018, reaching an all time high of 24.60 percent in March of 2007 and a record low of -12.50 percent in January of 2010.
Retail Sales YoY in Bulgaria is expected to be 5.60 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Retail Sales YoY in Bulgaria to stand at 4.40 in 12 months time. In the long-term, the Bulgaria Retail Sales YoY is projected to trend around 2.70 percent in 2020, according to our econometric models.