Bulgaria's Business Sentiment Index Falls in October

Bulgaria's Business Sentiment Index Falls in October

Bulgaria's October business sentiment index fell by 2.7 percentage points from the previous month after staying flat in September, the National Statistics Institute (NSI) said.

In October, the industrial sub-index decreased by 3.6 percentage points on the month, due to the managers' more reserved assessments and expectations regarding the business situation in the sector, NSI said in a statement.

The sub-index in construction went down by 2.9 percentage points from September, as managers' expectations about the business situation over the next six months shifted from 'better" to 'the same".

The retail sub-index lost 1.8 percentage points on the month in October, due to retailers' more moderate expectations about the business situation in the next six months. The uncertain economic situation remains the main problem for the retail business.

The business climate gauge in the services sector declined by 1.3 percentage points in October, as managers' assessment of the present business situation shifted from 'improving' towards 'the same'.

Overall, the managers from all four sectors said they do not expect a hike in prices over the next three months.

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