Construction output in Bulgaria fell 14.1 percent year-on-year in May of 2020, following an upwardly revised 15.5 percent plunge in the previous month. Both building activity (-16.6 percent vs -17.9 percent in April) and civil engineering works (-10.5 percent vs -12 percent) declined at a slower pace. On a seasonally adjusted monthly basis, construction output rose 0.3 percent, after decreasing 1.5 percent in the preceding month.
Construction Output in Bulgaria averaged 6.15 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 August of 2020.
Construction Output in Bulgaria is expected to be -2.00 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 2.30 in 12 months time. In the long-term, the Bulgaria Construction Output is projected to trend around 3.00 percent in 2021 and 5.00 percent in 2022, according to our econometric models.