Bulgaria’s Total Business Climate Indicator up 0.8 pp in January 2017

Bulgaria’s Total Business Climate Indicator up 0.8 pp in January 2017

In January 2017 the total business climate indicator increases by 0.8 percentage points in comparison with December 2016 which is due to the improved business climate in industry and service sector, the National Statistical Institute announced.
Industry. The composite indicator ‘business climate in industry’ increases by 0.9 percentage points compared to the previous month as a result of the optimistic industrial entrepreneurs’ expectations about the business situation of the enterprises over the next 6 months. 
Construction. In January the composite indicator ‘business climate in construction’ decreases by 1.2 percentage points which is due to the shifting of the construction entrepreneurs’ assessments about the present business situation of the enterprises from ‘good’ towards ‘satisfactory’ (normal for the season). 
Retail trade. The composite indicator ‘business climate in retail trade’ preserves its level from the previous month. The retailers’ opinions about the volume of the sales and orders places whit suppliers from both domestic and foreign market over the next 3 months remain more reserved.
Service sector. In January the composite indicator ‘business climate in service sector’ increases by 3.5 percentage points, which is due to the improved managers’ assessments and expectations about the business situation of enterprises. 
 
 
FOCUS News Agency
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