Bulgaria's construction output increased 2.6 percent from a year earlier in May 2019, easing from a downwardly revised 5.5 percent growth in the previous month, as building construction activity rose at a softer pace (6.4 percent vs 11.0 percent in April) and civil engineering works contracted for the second consecutive month (-2.3 percent vs -1.8 percent). On a seasonally adjusted monthly basis, construction output fell 0.4 percent, the third straight period of decline. Construction Output in Bulgaria averaged 6.57 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.
Construction Output in Bulgaria is expected to be 3.70 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 4.20 in 12 months time. In the long-term, the Bulgaria Construction Output is projected to trend around 3.00 percent in 2020, according to our econometric models.