Construction output in Bulgaria decreased 0.7 percent year-on-year in December of 2019, following a 1.3 percent rise in the previous month. It was the first downturn in construction output since November 2018, as both building activity (-0.3 percent vs 5.9 percent in November) and civil engineering works (-1.3 percent vs -4.5 percent) posted declines. On a seasonally adjusted monthly basis, construction activity shrank 0.7 percent compared to an upwardly revised 1.7 percent decrease in the previous month.
Construction Output in Bulgaria averaged 6.46 percent from 2001 until 2019, 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.
Construction Output in Bulgaria is expected to be 3.60 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.