Monthly poll: Business climate in Bulgaria improved in April 2018

Monthly poll: Business climate in Bulgaria improved in April 2018

A regular monthly poll by Bulgaria’s National Statistical Institute (NSI) has found that the business climate indicator increased by 2.8 percentage points in April 2018 compared with March 2018, the NSI said on April 30.

The increase was prompted by more positive views in all four sectors surveyed – industry, construction, the retail trade and services, the NSI said.

The indicator in industry increased by 0.7 percentage points, boosted by managers expecting that the business situation of their enterprises would improve over the coming six months. They also had more favourable views about exports and production over the next three months.

In the construction sector, the indicator was up by 5.1 points, with managers seeing increased construction activity and having a favourable outlook on the next three months.

The retail trade indicator was up by 0.5 percentage points, with improved expectations about the coming six months and more favourable expectations about orders placed with suppliers from both the domestic and foreign markets.

The largest increase was in the service sector, up by 7.1 percentage points compared with March 2018, with managers having more optimistic expectations, and improved opinions about current and expected demand for services, the NSI said…. / IBNA