Construction output in Bulgaria went up 8.4 percent year-on-year in March 2019, easing from a downwardly revised 8.5 percent gain in the previous month, as civil engineering works rose at a softer pace (1.6 percent vs 3.0 percent in February). In contrast, building activity went up faster (13.5 percent vs 12.4 percent). On a seasonally adjusted monthly basis, construction output showed no growth after a 1.2 percent rise in the previous month. Construction Output in Bulgaria averaged 6.60 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 2.30 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 3.50 percent in 2020, according to our econometric models.