Bulgaria's Business Sentiment Index Rises in April

Bulgaria's Business Sentiment Index Rises in April

Bulgaria's business sentiment index in April rose by 3.2 percentage points from the previous month, after increasing by 2.3 points in March, the National Statistics Institute (NSI) said.

In April the industrial sub-index rose by 1.8 percentage points on the month as managers perceived the situation in the sector as good. They continued to see production activity as shrunken, albeit being somewhat optimistic regarding the sector's development in the next six months, the NSI said in a statement.

The sub-index in construction gained 8.7 percentage points from March due to the managers' more favourable assessment of the current business situation and more optimistic expectations.

In retail the sub-index rose by 2.3 percentage points, and in the services sector the business climate gauge gained 1.5 percentage points reflecting managers' anticipation of an improvement in the sector in the following six months.

Overall, managers said they do not expect a hike in prices over the next three months, except in services.

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