Bulgarian Business Climate Improving

In April the business enviornment of Bulgaria has improved as a result of high expectations of entrepreneurs for the sales in the coming months in all sectors checked by the National Statistical Institute – industry, construction, retail, services. The overall indicator growing by 2.8 points.

The business climate indicator in the industry is also up, but moderately – by 0.7 percentage points from its March level. But the reason is not the current state of the companies, but the orders from abroad and the sales expectations in the next six months. The precarious economic environment and labour shortages remain the main obstacles to business activity, with a small increase in the number of managers reporting an the precarious economic environment as a factor.

Companies in commerce also do not appreciate their current financial position, particularly positive over a month earlier, but look to the summer with expectations for more orders and higher sales. A problem for every second manager is the demand of the market and the competition in the industry.

The amount of surplus capacity available has increased, with industry reporting being at 73.7% capacity, 3.1 points below the level seen in January.

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