Bulgaria’s Business Climate Improves in August

Bulgaria’s Business Climate Improves in August

Bulgaria’s business climate climate indicator has advanced by 1.3 percentage points in August  compared to July, mainly due to improved managers’ opinions in industry and retail trade, the country’s statistical office announced on Friday.
The business climate indicator in industry has risen by 2.1 percentage points in comparison with July due to the more favourable assessments by entrepreneurs in the sector as well as improved expectations about the business position of their companies, the National Statistical Institute (NSI) said in a monthly report.
The business climate indicator in retail trade has improved by 3.0 percentage points compared to July due to the more optimistic assessments of retailers about the current  business position of their enterprises. The managers’ assessments of the volume of sales over the last three months have slightly improved and their expectations for the next three months remain favourable.
The business climate indicator in construction industry has remained flat in August compared to the previous month. The business climate in the services sector has also been little changed in August.

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