Bulgaria’s retail trade turnover in April 2020 down close to 20% y/y

Written by on June 9, 2020 in Business - Comments Off on Bulgaria’s retail trade turnover in April 2020 down close to 20% y/y

Bulgaria’s retail trade turnover dropped 19.9 per cent in April 2020 compared with the same month of 2019, the National Statistical Institute said on June 9, releasing figures that showed the impact on business of the restrictive measures against the spread of Covid-19 and the country’s sharp increase in unemployment.

The biggest drop was in the category “retail sale of textiles, clothing, footwear and leather goods in specialised stores”, down 72 per cent compared with April 2019.

Bulgaria’s State of Emergency restrictive measures included closing shopping malls, except for pharmacies, food shops and financial services offices in them.

Sales of non-food products, a category not including fuel, fell by close to 23 per cent on an annual basis in April 2020.

Retail sale turnover of food, beverages and tobacco dropped by 7.9 per cent compared with April 2019 and by 1.8 per cent compared with March 2020.

In the “retail sale of information and communication equipment” category, retail sales fell by close to 28 per cent compared with April 2019.

There was one increase – retail sale turnover via mail order houses or the internet was 11.7 per cent higher in April 2020 than in April 2019, and 2.4 per cent higher than in March 2020.

However, after three consecutive months of increases in retail sales at pharmacies and drug stores – five per cent in January, 11 per cent in February and 14.4 per cent in March, on an annual basis, the figure for April 2020 was 17.6 per cent lower than in March.

Another increase in April, compared with March 2020, was in retail sale of computers, software and telecommunications equipment in specialised stores, up by 17.8 per cent, the institute said.

(Photo: Vangelis Thomaidis)

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