Poll: Business sentiment in Bulgaria in May 2018 highest since 2009

Poll: Business sentiment in Bulgaria in May 2018 highest since 2009

A regular monthly poll by Bulgaria’s National Statistical Institute (NSI) said that views of the business climate in the country in May 2018 were at their highest since 2009.

The total business climate indicator increases by 2.1 percentage points compared with April and reached a new longterm maximum (33.1 per cent) since 2009.

The composite indicator in the industry sector was 1.4 percentage points up on April, with managers more optimistic about the business situation, the NSI said.

In May 2018, the indicator in the construction sector jumped by 8.1 percentage points.

In May, the composite indicator ‘business climate in service sector’ increased by 0.9 percentage points with managers having more favourable assessments and expectations about the business situation of their enterprises. With regard to the demand for services, the present tendency is assessed as improved, but their expectations over the next three months are more reserved, the institute said.

However, in the retail trade, the indicator was down by 1.6 percentage points, with retailers more reserved in their assessments and expectations for the coming months, though their forecasts about the volume of sales and orders places with suppliers over the next three months were more favourable, the NSI said…. / IBNA