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Bulgaria Business Morale Slightly up in June

Analysis

Photo by FOXARTBOX/Shutterstock.com

Bulgaria's business confidence indicator rose to 26.9 in June from 26.7 in the previous month, the Sofia-based National Statistical Institute (NSI) said in its monthly report.

It was the highest reading since May 2021, due mainly to higher expectations for the business situation over the next six months (18 vs 13.9 in May) and increased optimism around selling prices (9.3 vs 3.6).

Additionally, investors grew less pessimistic over stocks of finished goods (-1.3 vs -3.2) and current production levels (-0.4 vs -1.1).

On the other hand, sentiment about new orders (-17.6 vs -16.4) and employment for the upcoming three months (6.6 vs 8.6) worsened. 

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