Bulgaria business climate rises in March

Managers’ outlook on the business climate in Bulgaria improved for a third consecutive month in March, rising by 0.9 percentage points, boosted by increased optimism in the industry and services sectors, the National Statistical Institute (NSI) said on March 27.

The industry indicator was up by 2.3 percentage points in comparison with February 2015, with managers taking a more favourable view of the business situation, despite the slight decrease in production. Industry managers had “reserved expectations” about the next three months, the institute said.

In the services sector, the business climate indicator rose by 4.4 percentage points in March, bouncing back from the three percentage points decline a month earlier, as managers took a favourable view of the business situation over the next six months, although demand is expected to remain stable.

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(Photo: Leah Sawyer)