Bulgarian business climate improved in February 2015 – statistics institute

Managers’ outlook on the business climate in Bulgaria improved by 1.2 percentage points in February 2015, boosted by increased optimism in the industry, construction and retail sectors, the National Statistical Institute (NSI) said on February 27.

The industry indicator was up by 2.4 percentage points in comparison with January 2015, with managers taking a more favourable view of the business situation, although production was slightly down.

Industry managers had improved expectations about the next three months, the institute said.

The construction indicator increased by 1.8 percentage points over January, with those in the industry having more positive expectations about the next six months. Expectations about the coming three months also were more optimistic, with the survey showing a decrease in the number of clients who had delayed in making payments, the NSI said.

In retail, sentiment was up by 2.3 percentage points, with improved optimism about the next six months, along with more positive prognoses about sales and orders placed with suppliers.

However, in the service sector, the indicator was down by three percentage points, with managers taking a less favourable outlook than in January, according to the NSI.

(Photo: Apostoloff)



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