Survey finds grimmer view of business climate in Bulgaria in August 2018

A regular monthly survey among managers has found that they see the business climate in Bulgaria as unfavourable, the National Statistical Institute (NSI) said on August 29.

In August 2018, the business climate indicator dropped by 2.9 percentage points compared with July, the NSI said.

Indicators dropped in all four sectors surveyed – industry, construction, the retail trade and services.

In industry, the indicator was down 1.9 percentage points, with entrepreneurs holding a gloomier view of the outlook for the next six months. They did expect more orders, but this was not accompanied by increased expectations about the production activity over the next three months.

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(Photo: Vangelis Thomaidis)