The industrial confidence indicator in Bulgaria rose to 22 in January 2023 from 21 in the previous month. It was the highest reading since May 2021, as entrepreneurs grew more optimistic about their expectations on the current business situation of the enterprises in the industry and the business situation of the enterprises over the next 6 months in retail trade. However, their forecasts for export and production activity over the next 3 months were modest, while forecasts for the volume of sales and orders placed with suppliers over the same period turned unfavorable. The uncertain economic environment and shortage of labor continue to be the main obstacles to business development. Concerning selling prices, companies expect them to increase over the next 3 months in both sectors. source: National Statistical Institute, Bulgaria

Business Confidence in Bulgaria averaged 21.10 points from 1997 until 2023, 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. Bulgaria Business Confidence - data, historical chart, forecasts and calendar of releases - was last updated on January of 2023.

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Bulgaria Business Confidence



Calendar GMT Actual Previous Consensus TEForecast
2022-12-30 09:00 AM Dec 21 18.5 18.7
2023-01-30 09:00 AM Jan 22 21 19
2023-02-28 09:00 AM Feb


Related Last Previous Unit Reference
Business Confidence 22.00 21.00 points Jan 2023
Industrial Production Mom 0.70 -2.40 percent Nov 2022
Industrial Production 4.70 5.50 percent Nov 2022
Manufacturing Production 8.70 14.20 percent Nov 2022
Changes in Inventories 2877.64 2146.27 BGN Million Sep 2022

Bulgaria Business Confidence
In Bulgaria, the business climate in industry measures the level of optimism that companies have about the performance of the economy and how they feel about their organizations’ prospects over the future. Business confidence surveys can provide useful signs about the current condition of the economy, because companies often have information about consumer demand sooner than government statisticians do.
Actual Previous Highest Lowest Dates Unit Frequency
22.00 21.00 50.30 -20.90 1997 - 2023 points Monthly

News Stream
Bulgaria Business Confidence at Over 1-1/2Year High
The industrial confidence indicator in Bulgaria rose to 22 in January 2023 from 21 in the previous month. It was the highest reading since May 2021, as entrepreneurs grew more optimistic about their expectations on the current business situation of the enterprises in the industry and the business situation of the enterprises over the next 6 months in retail trade. However, their forecasts for export and production activity over the next 3 months were modest, while forecasts for the volume of sales and orders placed with suppliers over the same period turned unfavorable. The uncertain economic environment and shortage of labor continue to be the main obstacles to business development. Concerning selling prices, companies expect them to increase over the next 3 months in both sectors.
2023-01-30
Bulgaria Business Confidence at 5-Month High
The industrial confidence indicator in Bulgaria rose to 21 in December 2022 from 18.5 in the previous month. It was the highest reading since July, as industrial entrepreneurs were more optimistic about their expectations on the business situation of the enterprises over the next 6 months (10.5 vs 5.1 in November). Also, businesses were less pessimistic about export orders (-19.5 vs -21.8) and stocks of finished goods (-1.1 vs -1.8). However, the uncertain economic environment and shortage of labour continue to be the main obstacles for the business development. Concerning selling prices, companies expect them to increase over the next three months.
2022-12-30
Bulgaria Business Climate Improves from 7-Month Low
The industrial confidence indicator in Bulgaria rose by 0.8 points to 18.5 in November 2022, from a 7-month low of 17.7 in the previous month. Entrepreneurs’ grew more optimistic due to improvements on expectations regarding the business situation for the next six months (5.1 vs 4.3 in October) and production over the next three months (9.8 vs 7.3). Conversely, businesses were more pessimistic about the current production activity (-0.1 vs 2.1), export orders (-21.8 vs -20.9) and stocks of finished goods (-1.8 vs -0.5). Manufacturers also believe inflation and unemployment will pick up over the next three months.
2022-11-29