Bulgaria - Real Retail Sales

Bulgaria: Real Retail Sales

Mnemonic WRT$.IBGR
Unit Vol. Index 2015=100, NSA
Adjustments Not Seasonally Adjusted
Monthly 15.87 %
Data Mar 2019 111.64
Feb 2019 96.35

Series Information

Source National Statistics Institute (NSI) - Republic of Bulgaria
Release Retail Sales
Frequency Monthly
Start Date 1/31/2000
End Date 3/31/2019

Bulgaria: Consumer

Reference Last Previous Units Frequency
Consumer Confidence 2019 Q2 -25.8 -25.1 Balance of opinion, NSA Quarterly
Personal Income 2019 Q1 1,518 1,557 BGN, NSA Quarterly
Real Retail Sales Mar 2019 111.64 96.35 Vol. Index 2015=100, NSA Monthly
Retail Sales Mar 2019 117.31 100.65 Index 2015=100, NSA Monthly

Release Information

For Bulgaria, the turnover index is a main indicator for valuation of the current situation and short-term trends in the development of the section ‘Wholesale and retail trade; repair of motor vehicles and motorcycles’. The index follows the dynamics in the supply and demand of goods and commercial services, also records the influence of the ongoing economic processes in the country.

The indices reflect the short-term changes in the turnover between two compared periods. These are generally the reported month, referred to the preceding or to the same month of the previous year, but the data series give a possibility to be compared each randomly selected period from the row to any other.

The source writes:

The turnover includes a value of the net receipts from sales (of products, goods and services) invoiced during the reported period, including accrued excises and the receipts from sold raw materials and materials. In this is not included the value of the receipts, classified as financial or extraordinary, as well as the sales revenue of own Fixed assets. In the turnover value are not included the accrued taxes of Value Added Tax (VAT) type, which are at final user expense.

The necessary data for indicators calculation are collected monthly by a form ‘Main short-term indicators’, which is sent to the National Statistical Institute (NSI) structures for processing.

The Population for the section ‘Wholesale and retail trade; repair of motor vehicles and motorcycles’ includes all enterprises, classified in section G of NACE.BG 2008 - about 122 000, which have submitted an annual report (compiling and non-compiling balance sheets) for the last reported year. From it are excluded the enterprises with an annual turnover below BGN 10 000.

The sample is planned at a national level by the stratified random sample method. The sample is formed by two criterions - activity groups by NACE.BG 2008, defined in Regulation (ЕС) 1893/2006 as for each group by the turnover amount, distributed into a fixed number of stratums (intervals), when there is representativeness insured of the results for all observed groups

The turnover indices at current and constant prices are calculated monthly for the enterprises of a trade sector for all groups

An influence of prices is eliminated through using deflators, obtained by regrouping of the products of the Consumer basket in accordance with a content of defined in Regulation (ЕС) 1893/2006 groups and calculated on a basis of the annual average prices of the base year.

The enterprises which have not responded are assessed according to the stratum in which they are registered. In the exhaustive stratum an evaluation is made individually for each enterprise, using available information for the trends in development of that enterprise and the smoothed trends of reported units from the same cell. In the sampling stratums for each cell a total evaluation is made of the no responded through using extrapolated coefficients, calculated from the data of the reported enterprises in the cell after elimination of the extreme values. In these cases it is assumed that there are no essential differences in the behavior between the enterprises which have responded or no responded.

The information is up-to-date and is purposed for the management authorities of all levels, international organizations, business representatives and other interested bodies and could be used for economic analyses, assessments and short-term forecasts.

The turnover indices for the section ‘Wholesale and retail trade; repair of motor vehicles and motorcycles’ totally and by main groups of the component activities are published 40 days after the end of the reported month on the website of NSI, accompanied with a short analytical comment at Bulgarian and English language versions. The information is disseminated also by the quarterly publication of NSI - ‘Main short-term indicators’.