The industrial confidence indicator in Bulgaria rose to 27.7 in April 2019 from 25.7 in the previous month, as a result of the more optimistic industrial entrepreneurs’ expectations about the business situation of the enterprises over the next 6 months. Their forecasts concerning the production activity over the next 3 months also improved, which was not accompanied by increased expectations about the export over the next 3 months. Business Confidence in Bulgaria averaged 21.62 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 25.00 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 26.00 in 12 months time. In the long-term, the Bulgaria Business Confidence is projected to trend around 22.00 Index Points in 2020, according to our econometric models.