Poll: Business climate in Bulgaria dropped slightly in December 2018

Poll: Business climate in Bulgaria dropped slightly in December 2018

A regular monthly poll by the National Statistical Institute (NSI) found that the business climate in Bulgaria in December 2018 worsened slightly compared with the previous month.

In December 2018, the total business climate indicator decreased by 0.5 percentage points in comparison with November as a result of the more unfavourable business climate in industry, the NSI said.

The composite indicator ‘business climate in industry’ decreased by 2.7 percentage points mainly due to managers’ more reserved expectations about the business situation of the enterprises over the next six months.

At the same time, their expectations about the activity over the next three months were more favourable.

The uncertain economic environment and shortage of labour remain the most serious obstacles for the business development, pointed out by 37 per cent and 34.1 per cent of the enterprises, respectively.

In December, the composite indicator ‘business climate in construction’ was largely unchanged from November, the NSI said.

The indicator in the retail trade was up by 3.2 percentage points in December, while the indicator in the service sector was largely unchanged./IBNA