Poll: Bulgarian business climate drops in October 2016

A regular poll by Bulgaria’s National Statistical Institute (NSI) found a more negative view of the Bulgarian business climate in October 2016, down by 1.3 percentage points compared with September, mainly because of more negative perceptions in industry and the retail trade.

While a more unfavourable business climate was registered in industry and the retail trade, the view in the construction sector was about the same as in September, though in the service sector, views were more optimistic, the NSI poll found.

The indicator of the business climate in industry was down 4.4 percentage points in comparision with September 2016, because of the more reserved industrial entrepreneurs’ assessments and expectations about the business situation in their sector.

The poll in the industry sector also found more unfavourable forecasts about exports and production activity over the next three months.

To continue reading, please click here.

(Photo: Darren Shaw/sxc.hu)