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Bulgaria’s business climate worsens for the third consecutive month

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Business climate in Bulgaria has worsened in October. The business sentiment indicator deteriorated in the following sectors- industry, retail trade, services, etc. Business sentiment has remained steady only in construction. All managers forecast that prices will increase within the next 3 months, the National Statistical Institute announced. This is due to the uncertain economic environment, staff shortages and insufficient domestic demand.

The overall business sentiment indicator decreased by 2.3 points in October compared to September, when it decreased by 2.4 points. In October, the average capacity utilization remained at the July level - 74.2%. 

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