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Bulgaria's services output grows 3.6% y/y in Feb

May 9, 2024, 11:48:32 AMArticle by Mihaela Miteva
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May 9 (SeeNews) - Bulgaria's output in services, except trade and financial and insurance activities, increased by 3.6% on the year in February, following a revised annual gain of 4.2% in January, the statistical office said on Thursday, quoting preliminary data.

Bulgaria's services output grows 3.6% y/y in Feb
Author: Rachel Johnson.

On a seasonally-adjusted monthly comparison basis, total production in the services sector inched up by 0.1% in February after rising by a revised 1.1% the previous month, the National Statistical Institute (NSI) said in a monthly report.

The highest annual growth was posted in the output of accommodation and food service activities, at 9.3%, followed by information and communication with a 6.3% leap. In comparison, professional, scientific and technical activities marked a production decline of 0.7% year-on-year.

In monthly terms, output in real estate activities increased the most, by 3.2%, while administrative and support service activities fell by 4.3%.

Changes in services output (pct):

Activities Feb y/y Feb m/m Jan y/y Jan m/m
Total 3.6 0.1 4.2 1.1
Transportation and storage 2.1 0.6 1.6 0.8
Accommodation and food service 9.3 1.4 8.4 0.3
Information and communication 6.3 0.2 6.1 2.9
Real estate 2.0 3.2 -3.2 -3.3
Professional, scientific and technical -0.7 0.2 1.3 -4.5
Administrative and support service 0.8 -4.3 8.8 7.0

Source: NSI

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