Bulgaria’s Business Climate Improving in Industry, Construction, Retail Trade in June

Sofia, June 29, (BTA/GNA) – In June 2022, the total business climate indicator in Bulgaria increased by 1.4 percentage points from May, with higher indicators registered in industry, construction and retail trade, the National Statistical Institute said on Wednesday.

The composite indicator “business climate in industry” gained 1.7 percentage points thanks to the industrial entrepreneurs’ optimistic assessments of the current business situation of enterprises and their more favourable expectations for the business situation in the next six months. Also, their forecasts for the production activity in the next three months are improving.

The composite indicator “business climate in construction” rose by 2.1 percentage points, reflecting the construction entrepreneurs’ positive assessments of the current business situation of enterprises.

The composite indicator “business climate in retail trade” grew by 1 percentage points as a result of the improved assessments of the business situation.

The composite indicator “business climate in the service sector” remained unchanged from May 2022. The managers’ assessments of the current demand for services are favourable while their expectations for the next three months are reserved.

GNA

Credit: BTA