A regular monthly poll by Bulgaria’s National Statistical Institute (NSI) has found a slight improvement in November 2016, resulting from more optimistic opinions among managers in the industry and retail trades.
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, followed by a drop in July. The level remained unchanged in August and September, before dropping 1.3 percentage points in October.
In November 2016, the total business climate indicator increased by 0.6 percentage points in comparison with October, the NSI said.
In industry, the indicator was up by 1.9 percentage points on a monthly basis, resulting from managers having higher expectations about their businesses.
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