Business Confidence in Bulgaria decreased to 10.10 points in October from 11.40 points in September of 2020. source: National Statistical Institute, Bulgaria

Business Confidence in Bulgaria averaged 21.34 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. Bulgaria Business Confidence - data, historical chart, forecasts and calendar of releases - was last updated on November of 2020.

Business Confidence in Bulgaria is expected to be 17.00 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 23.00 points in 2021 and 21.00 points in 2022, according to our econometric models.

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Bulgaria Business Confidence

Actual Previous Highest Lowest Dates Unit Frequency
10.10 11.40 50.30 -20.90 1997 - 2020 points Monthly

Calendar GMT Actual Previous Consensus TEForecast
2020-07-30 08:00 AM Jul 11 10.9 11.5
2020-08-28 08:00 AM Aug 11.2 11 14
2020-09-30 08:00 AM Sep 11.4 11.2 15
2020-10-29 09:00 AM Oct 10.1 11.4 9.8
2020-11-30 09:00 AM Nov 10.1
2020-12-30 09:00 AM Dec 17
2021-01-29 09:00 AM Jan
2021-03-01 09:00 AM Feb

News Stream
Bulgaria Business Confidence Highest in 8 Months
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 at 3-Month High
The industrial confidence indicator rose to 21.8 in December 2019 from 21.1 in the previous month. It was the highest reading since September, amid improvements in current business situation (34 vs 30.2 in November); production (6.1 vs 2.6); total orders (-15.8 vs -18.8) and export orders (-29.7 vs -33.6). Meanwhile, prospects deteriorated slightly regarding business situation over the next 6 months (10.8 vs 12.7) and production in the next three months (9.4 vs 10).
Bulgaria Business Climate Edges Up in November
The industrial confidence indicator in Bulgaria rose to 21.1 in November 2019 from 20.8 in the previous month which was the lowest reading since April 2016. Main improvements were seen in the current level of finished goods (2.0 vs 0.4 in October) and prospects regarding business situation in the next six months (12.7 vs 9.9) as well as for production in the next three months (10.0 vs 9.4). In contrast, the opinion was less favourable about present business situation (30.2 vs 32.8); present production activity (2.6 vs 6.7); new orders (-18.8 vs -15.1) and export orders (-33.6 vs -26.7).

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.