Bulgaria’s Business Climate Worsens in November

Business | November 27, 2015, Friday // 19:33
Bulgaria: Bulgaria’s Business Climate Worsens in November

Bulgaria’s overall business confidence index has declined by 0.5 percentage points in November compared with the previous month due to more pessimistic assessments and expectations in construction, retail and services sectors.

Industry is the only sector to report an increase in business confidence due to more optimistic expectations of entrepreneurs about the state of their companies in the next six months, the National Statistical Institute (NSI) said in a monthly survey of Bulgaria’s business climate on Friday.

Managers in industry pointed to uncertain economic environment and insufficient domestic demand as the main obstacles to their business.

The business confidence index in the construction sector has decreased by 1.6 points in November compared with October due to entrepreneurs’ more unfavourable estimates about the current state of their firms, according to NSI.

The business confidence index in the retail trade sector decreased by 1.0 point and was down by 1.4 points in the services sector.

Most of the managers in the four sectors expect the selling prices of their products to remain unchanged over the next three months.

We need your support so Novinite.com can keep delivering news and information about Bulgaria! Thank you!

Business » Be a reporter: Write and send your article
Tags:   Bulgaria, business confidence, services, industry, retail, construction, NSI, selling prices, business climate
Advertisement
Advertisement
Expats.bg All Are Welcome! Join Now!
Bulgaria news Novinite.com (Sofia News Agency - www.sofianewsagency.com) is unique with being a real time news provider in English that informs its readers about the latest Bulgarian news. The editorial staff also publishes a daily online newspaper "Sofia Morning News." Novinite.com (Sofia News Agency - www.sofianewsagency.com) and Sofia Morning News publish the latest economic, political and cultural news that take place in Bulgaria. Foreign media analysis on Bulgaria and World News in Brief are also part of the web site and the online newspaper. News Bulgaria