Independent Balkan News Agency

November 2017 survey sees business climate in Bulgaria as unchanged from last month

November 2017 survey sees business climate in Bulgaria as unchanged from last month

A regular monthly survey by Bulgaria's National Statistical Institute (NSI) found that managers saw the business climate in the country in November 2017 as largely unchanged from last month.

In October 2017, the same poll found that the business climate in the country was seen as unfavourable, the institute said on October 30. The October poll found a drop in confidence in all four sectors customarily surveyed – industry, construction, the retail trade and services. All were concerned about the next six months.

The poll saw a slight slide in September, a slight gain in August, a drop in July and in June, after gains in every month between January and May 2017.

Reporting the findings of its November 2017 poll, the NSI said that there was an improvement in opinions in the industry and retail trade, the service sector was the same as in October, while in the construction sector, there was a drop.

The indicator in the industry sector was up by 1.2 percentage points compared with October, mainly because business people in the sector were more optimistic about the coming six months.

In the retail trade, the indicator was up by one percentage point, also because of improved optimism about the coming six months.

In the construction sector, managers were more reserved about the situation of their businesses. They saw the main obstacles to development of the sector currently as the uncertain economic environment, competition in the sector and shortage of labour.

In the service sector, managers were cooler about the current situation, but more optimistic about business development in the coming six months, factors that resulted in the indicator being unchanged from October.../IBNA

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