Bulgarian business sentiment drops in July 2016 – poll

A regular monthly poll by the National Statistical Institute (NSI) found a drop in business sentiment in Bulgaria in July 2016, driven down mainly by a decrease in optimism in the service sector.

In 2016, the NSI surveys found improvements in business sentiment in Bulgaria in January, February and March, a drop in April, and gains in May and June.

The results of the July 2016 survey, released on July 28, found that in the industry and retail trade sectors, sentiment was about the same as in June, while in the construction sector, business sentiment had improved.

In industry, managers’ opinions about current production activity had improved, but their expectations about the next three months had lowered.

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