Bulgaria Autos Report - Business Monitor International - Industry Reports

Bulgaria Autos Report

Bulgaria Autos Report - Business Monitor International - Industry Reports
Bulgaria Autos Report
Published Sep 03, 2016
29 pages — Published Sep 03, 2016
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Abstract:

Our bullish outlook for the passenger car segment will be supported by strong wage growth, improving consumer confidence and a tightening labour market, all of which will help bolster consumer spending on new cars. According to our Country Risk team, Bulgaria s wage growth is amongst the highest in the European Union (EU), averaging -.- in H---. We therefore expect rising wages to translate into strong demand for passenger cars in ---- as households purchasing power increases. This will be supported by increasing confidence levels in the economy, with the latest confidence survey from Bulgaria s National Statistics Institute (NSI) indicating a -.- point increase in total consumer confidence between January and June ---- (see chart below). Furthermore, consumers retain a net positive outlook on their intention to purchase a car over the next -- months, which is reflected in increasing passenger car sales, which expanded -.- y-o-y in ...This will be supported by increasing confidence levels in the economy, with the latest confidence survey from Bulgaria s National Statistics Institute (NSI) indicating a -.- point increase in total consumer confidence between January and June ---- (see chart below). Furthermore, consumers retain a net positive outlook on their intention to purchase a car over the next -- months, which is reflected in increasing passenger car sales, which expanded -.- y-o-y in

...Source: National Sources, BMI Latest Developments Vehicle sales are up -.- y-o-y in H--- We are revising down our vehicle sales forecast to an expansion of -.- in ----, down from growth of -.- previously. ...Source: National Sources, BMI Latest Developments Vehicle sales are up -.- y-o-y in H--- We are revising down our vehicle sales forecast to an expansion of -.- in ----, down from growth of -.- previously. Weaker growth in the commercial vehicle segment will drag on overall growth in vehicle sales in ----. ...We have revised up our passenger vehicle production forecast to growth of -- in ----, up from a -.- expansion. Litex - the only passenger vehicle producer in the country - plans to reach a production output of -,--- units.

...As a result of weak inflationary pressures, the country now faces ultra-low interest rates after the Bulgarian National Bank (BNB) cut its main policy rate by -.-- basis points to -.-- in February ----. Our Country Risk team expects interest rates to remain unchanged until ----, when stronger inflationary pressures return as the economy strengthens. ...As a result of weak inflationary pressures, the country now faces ultra-low interest rates after the Bulgarian National Bank (BNB) cut its main policy rate by -.-- basis points to -.-- in February ----. Our Country Risk team expects interest rates to remain unchanged until ----, when stronger inflationary pressures return as the economy strengthens. This low interest rate level will translate into lower borrowing costs for households and non-financial corporations. ...

  
Source:
Document ID
1748-9792
Country
Industry
Format:
PDF Adobe Acrobat
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Business Monitor International - Industry Reports—Established in 1984, Business Monitor International is a leading online publisher of specialist business information on global emerging markets. Business Monitor's range of quarterly services covers political risk, finance, macroeconomic performance, outlook and forecast, industry sectors and the business operating environment. Each Industry Report has been researched at source, and features latest-available data covering production, sales, imports and exports; 5-year industry forecasts through end-2012; company rankings and competitive landscapes for multinational and local manufacturers and suppliers; and analysis of latest industry developments, trends and regulatory changes.

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MLA:
Business Monitor International - Industry Reports. "Bulgaria Autos Report" Sep 03, 2016. Alacra Store. Dec 06, 2016. <http://www.alacrastore.com/storecontent/Business-Monitor-International-Industry-Reports/Bulgaria-Autos-Report-2026-166>
  
APA:
Business Monitor International - Industry Reports. (2016). Bulgaria Autos Report Sep 03, 2016. New York, NY: Alacra Store. Retrieved Dec 06, 2016 from <http://www.alacrastore.com/storecontent/Business-Monitor-International-Industry-Reports/Bulgaria-Autos-Report-2026-166>
  
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