Construction output in Bulgaria dropped 4.9 percent over a year earlier in August 2020, following an upwardly revised 4 percent fall in the previous month. It was the seventh successive month of declines in construction activity, amid the coronavirus crisis. Building activity decreased further (-8.6 percent from -6.3 percent), while civil engineering works rebounded (0.3 percent from -0.7 percent in July). On a seasonally adjusted monthly basis, construction output went down 0.1 percent, after falling an upwardly 0.5 percent in the prior month.
Construction Output in Bulgaria averaged 6.03 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 October of 2020.
Construction Output in Bulgaria is expected to be -0.90 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 2.80 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.