The industrial confidence indicator in Bulgaria rose to 23.3 in February 2023, accelerating from 22 in the previous month. It was the highest reading since May 2021, as entrepreneurs grew more optimistic about their expectations on the business situation of the enterprises over the next six months (15.3 vs 11.1 in December 2022) and production over the next three months (15.5 vs 12). At the same time, businesses were less pessimistic about export orders (-21.5 vs -21.2), orders (-19.2 vs -17.2) while stocks of finished goods turned favorable (0.4 vs -1.1). Meanwhile, prospects over the next three months regarding employment (5.5 vs 5.2) and selling prices (11.4 vs 19.4) decreased. 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 March of 2023.

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Bulgaria Business Confidence



Calendar GMT Actual Previous Consensus TEForecast
2023-01-30 09:00 AM Jan 22 21 19
2023-02-28 09:00 AM Feb 23.3 22 23
2023-03-30 08:00 AM Mar 23.3


Related Last Previous Unit Reference
Business Confidence 23.30 22.00 points Feb 2023
Industrial Production Mom -3.00 -0.80 percent Jan 2023
Industrial Production -4.30 2.10 percent Jan 2023
Manufacturing Production 4.00 10.80 percent Jan 2023
Changes in Inventories 1003.97 2877.64 BGN Million Dec 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
23.30 22.00 50.30 -20.90 1997 - 2023 points Monthly

News Stream
Bulgaria Business Confidence Highest in Near 2Y
The industrial confidence indicator in Bulgaria rose to 23.3 in February 2023, accelerating from 22 in the previous month. It was the highest reading since May 2021, as entrepreneurs grew more optimistic about their expectations on the business situation of the enterprises over the next six months (15.3 vs 11.1 in December 2022) and production over the next three months (15.5 vs 12). At the same time, businesses were less pessimistic about export orders (-21.5 vs -21.2), orders (-19.2 vs -17.2) while stocks of finished goods turned favorable (0.4 vs -1.1). Meanwhile, prospects over the next three months regarding employment (5.5 vs 5.2) and selling prices (11.4 vs 19.4) decreased.
2023-02-28
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