The industrial confidence indicator in Bulgaria went up to 26.8 in January of 2020 from 21.8 in the previous month. It is the highest reading since May, as industrial entrepreneurs were more optimistic about exports and production. Concerning selling prices in industry, companies expect them to remain unchanged over the next 3 months. However, the shortage of labour and uncertain economic environment continue to be the main obstacles for the business development. Bulgaria Business Confidence - data, historical chart, and calendar of releases - was last updated on February of 2020 from its official source.
Business Confidence in Bulgaria averaged 21.69 points from 1997 until 2020, reaching an all time high of 50.30 points in July of 2007 and a record low of -20.90 points in February of 1997. This page provides the latest reported value for - Bulgaria Business Confidence - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.
Business Confidence in Bulgaria is expected to be 20.00 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 22.00 in 12 months time. In the long-term, the Bulgaria Business Confidence is projected to trend around 21.00 points in 2021, according to our econometric models.