Bulgaria’s Total Business Climate Indicator up 0.5 pp in February (ROUNDUP)

Bulgaria’s Total Business Climate Indicator up 0.5 pp in February (ROUNDUP)

In February 2016 Bulgaria’s total business climate indicator has increases by 0.5 percentage points compared to the previous month as result of the more favourable business climate in industry, retail trade and service sector, show the data of Bulgaria’s National Statistical Institute.
Industry. The composite indicator ‘business climate in industry’ increases by 1.2 percentage points in comparison with January, which is due to the improved industrial entrepreneurs’ expectations about the business situation of the enterprises over the next 6 months. Concerning the present production activity, the inquiry registers slight decrease, while the expectations about the activity over the next 3 months are more optimistic.
The main factors limiting the business development in the branch remain the uncertain economic environment and insufficient domestic demand.
As regards the selling prices in industry the majority of the managers expect preservation of their level over the next 3 months.

FOCUS News Agency

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