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Bulgaria's services output rises 3.2% y/y in March

Jun 6, 2024, 12:10:08 PMArticle by Mihaela Miteva
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June 6 (SeeNews) - Bulgaria's output in services, except trade and financial and insurance activities, grew by an annual 3.2% in March, following an increase of 3.6% year-on-year in February, the statistical office said on Thursday, quoting preliminary data.

Bulgaria's services output rises 3.2% y/y in March
Photo by Tima Miroshnichenko

On a seasonally-adjusted monthly comparison basis, total production in the services sector remained unchanged in March after slipping by a revised 0.1% the prior month, the National Statistical Institute (NSI) said in a monthly report.

The highest annual rise was posted in the output of accommodation and food service activities, at 9.4%, followed by information and communication with a 7.9% climb. In contrast, real estate activities registered a production decline of 5.7% on the year, while administrative and support service activities output fell by 4.5%.

In monthly terms, output in professional, scientific and technical activities grew the most, by 1.1%, whereas real estate activities production lost 2.9%.

Changes in services output (pct):

Activities March y/y March m/m Feb y/y* Feb m/m*
Total 3.2 0.0 3.6 -0.1
Transportation and storage 2.1 0.8 2.5 0.2
Accommodation and food service 9.4 0.4 9.3 1.5
Information and communication 7.9 0.2 6.2 0.2
Real estate -5.7 -2.9 1.7 2.7
Professional, scientific and technical -0.2 1.1 0.0 0.1
Administrative and support service -4.5 -2.4 -0.5 -5.0

*revised data

source: NSI

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