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Poll finds views of Bulgarian business climate unchanged in September 2016

Poll finds views of Bulgarian business climate unchanged in September 2016
Sofia, September 29, 2016/ Independent Balkan News Agency

By Clive Leviev-Sawyer of The Sofia Globe

A regular poll by Bulgaria's National Statistical Institute (NSI) has found views of the country's business climate unchanged in September 2016, compared with the previous month.

The finding comes a month after an NSI survey found opinions of the business climate in August largely unchanged from July. In 2016, the NSI surveys found improvements in business sentiment in Bulgaria in January, February and March, a drop in April, and gains in May and June, followed by a drop in July.

The NSI said that in September 2016, there was an improvement of the view of the business climate in industry, construction and the retail trade, while it was down in the service sector.

The industry indicator was up by a percentage point, compared with August, due to the more favourable industrial entrepreneurs’ expectations about the business situation of the enterprises over the next six months.

In the construction sector, the indicator was up by 1.4 percentage points, as a result of the optimistic construction entrepreneurs’ assessments about the present business situation of the enterprises, the NSI said.

In the retail trade, the indicator was up by 0.6 percentage points in comparison with August which is due to the improved retailers’ assessments about the present business situation of enterprises.

However, their expectations about the volume of sales and orders placed with suppliers over the next three months are more reserved.

In the service sector, the indicator dropped by 3.6 percentage points, driven down by managers' expectations about the situations of their businesses changing from expecting an improvement to remaining the same.

With regard to the demand for services, the present tendency is assessed as improved, while the expectations over the next three months are more reserved, the NSI said.

The "uncertain economic environment" factor had strengthened among managers in the retail sector, worrying them more than competition in the sector. Managers saw selling prices as remaining unchanged in the coming three months.

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