A regular monthly poll by Bulgaria’s National Statistical Institute (NSI) has found that views of the business climate got slightly gloomier in September 2017, driven down by the more unfavourable business climate in the construction, retail trade and service sectors.
In September 2017, the total business climate indicator decreased by 0.8 percentage points in comparison with August, the NSI said.
The composite indicator “business climate in industry” increased by 1.9 percentage points compared to the previous month as a result of the more optimistic industrial entrepreneurs’ assessments and expectations about the business situation of the enterprises.
In September, the composite indicator “business climate in construction” decreased by 1.8 percentage points which was entirely due to the more reserved construction entrepreneurs’ expectations about the business situation of the enterprises over the next 6 months.
In their opinion there is some increase in the new orders inflow at the last month, but their expectations about the construction activity over the next three months worsened.
The composite indicator “business climate in retail trade” decreased by 3.5 percentage points as result of the shifting of the retailers’ assessments and expectations about the business situation of the enterprises from “good” towards “satisfactory”. This was normal for the season, the NSI said.
In September the composite indicator “business climate in service sector” decreased by 2.5 percentage points which was due to the more unfavourable managers’ assessments and expectations bout the business situation of the enterprises.
At the same time in their forecasts about the demand for services over the next three months, a certain pessimism was observed, the NSI said.
The main obstacles for the business development continue to be connected with the competition in the sector and uncertain economic environment, as in the last month thee negative influence of these had strengthened. As regards the selling prices in the sector, managers expected these to remain unchanged in the coming three months, according to the institute./IBNA
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