Bulgaria's Business Sentiment Brightens up in September

Analysis

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Bulgaria's business sentiment improved slightly in September after it deteriorated in August, the National Statistical Institute (NSI) in Sofia said on Thursday.

The overall business sentiment indicator inched up by 0.8 percentage points in September compared to August as a result of increases in the industry, retail trade and service sectors, the office said in a monthly survey.

The composite indicator in the retail sector increased most by 2.6 percentage points. In the services sector, the business climate indicator climbed by 1.6 points due to the optimistic managers' assessments about the present business situation of the enterprises. Meanwhile, the indicator in the industry sector inched up by 0.5 points.

While the assessments about the present business situation are positive, the present production activity is assessed as reserved, the statistics agency said. The business sentiment indicator in the construction sector was the only one to show a decline, falling 1.1 percentage points.

The most serious problems in the sector continue to be connected with the uncertain economic environment, costs of materials and shortage of labor. 

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