The industrial confidence indicator in Bulgaria fell to 24.7 in July 2019 from 26.4 in the previous month. It was the lowest reading since December of 2018, as expectations over the next three months regarding production (13.4 from 17.1 in June) and employment (-3.1 from -0.7) deteriorated while prospects for the business situation over the next six months declined to 15.3 from 17.2. Meanwhile, prospects for selling prices over the next three months rose to 4.0 from 3.7. Business Confidence in Bulgaria averaged 21.67 Index Points from 1997 until 2019, reaching an all time high of 50.30 Index Points in July of 2007 and a record low of -20.90 Index Points in February of 1997.
Business Confidence in Bulgaria is expected to be 24.00 Index Points by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Business Confidence in Bulgaria to stand at 18.00 in 12 months time. In the long-term, the Bulgaria Business Confidence is projected to trend around 21.00 Index Points in 2020, according to our econometric models.