Bulgaria's business climate unchanged in April - stats office

Bulgaria's business climate unchanged in April - stats office

Bulgaria's business climate remained relatively unchanged on a monthly comparison basis in April, the National Statistical Institute (NSI) said on Wednesday.

In March, the overall business sentiment indicator went up by 2.1 percentage points (pp) month-on-month.

Only the composite indicator in the services sector went up in April, by 2.3 pp, due to the improved managers’ expectations about the business situation of the enterprises over the next six months as well as optimistic opinions about the demand for services over the next three months, the NSI said in a monthly business climate survey.

The indicator in the retail trade sector remained at its March level. Retailers’ forecasts about the business development in the sector over the next six months are optimistic, while their expectations about the volume of sales over the next three months remain favourable, NSI said.

The composite indicator in retail rose by 1.7pp month-on-month in March.

The business sentiment indicator in the industry sector fell 1.4 pp as a result of the more reserved assessments and expectations of industrial entrepreneurs about the business situation of the enterprises. "However, their forecasts about the export and production activity over the next three months are favourable," the statistical office added.

In April, the average capacity utilization in the industry sector is 0.8 pp below its January level and it reaches 73.2%. As regards the expected demand over the next months, a shortage of capacity is expected, the NSI's survey read.

The business climate indicator in the construction sector decreased by 1.3pp mainly due to the worsened construction entrepreneurs’ forecasts about the business situation of the enterprises over the next six months.

The uncertain economic environment continues to limit business development across all sectors, the survey showed.

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