The industrial confidence indicator in Bulgaria edged down to 26.4 in June of 2019 from 27.5 in the previous month. Expectations over the next three months regarding production (17.1 from 18.9 in May); selling prices (3.7 from 4.3) and employment (-0.7 from -0.5) deteriorated. Also, prospects for the business situation over the next six months declined to 17.2 from 21.3. Business Confidence in Bulgaria averaged 21.66 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 26.80 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 20.00 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.