Monthly poll sees business climate in Bulgaria as 'unfavourable' in October 2017

Monthly poll sees business climate in Bulgaria as 'unfavourable' in October 2017
A regular monthly poll by Bulgaria's National Statistical Institute (NSI) found that the business climate in the country was seen as unfavourable, the institute said on October 30.

The poll found a drop in confidence in all four sectors customarily surveyed - industry, construction, the retail trade and services. All were concerned about the next six months.

The business climate indicator in October was 1.8 percentage points down from its September level, the NSI said.

The indicator in the industry sector dropped by 2.8 percentage points, mainly because managers were more reserved about the situation of their businesses over the coming six months.

The uncertain economic environment and shortage of labour remain the main obstacles for the business development pointed out respectively by 47.2 per cent and 29.8 per cent of the enterprises, the NSI said.

In the construction sector, the indicator was 1.6 percentage points lower than in September 2017, also because managers had a gloomier outlook about the next six months.

The retail trade indicator was down by 1.1 percentage points for the same reason, while the indicator in the service sector was down 0.6 percentage points, again for that reason, the NSI said.../IBNA

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