Bulgaria’s business confidence indicator rose to 26.7 in May 2023 from 24.8 in the previous month. It was the highest reading since May 2021, as entrepreneurs grew more optimistic on the current business situation of the enterprises (41 vs 36 in April), their expectations on the production over the next three months (16.2 vs 11.2) and employment for the upcoming three months (8.6 vs 7.5). Additionally, they were less pessimistic about new orders (-16.4 vs -17.5) and export orders (-21.9 vs -22.2). Concerning selling prices, companies expect them to remain unchanged over the next three months. source: National Statistical Institute, Bulgaria

Business Confidence in Bulgaria averaged 21.14 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 June of 2023.

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Bulgaria Business Confidence



Calendar GMT Actual Previous Consensus TEForecast
2023-04-28 08:00 AM Apr 24.8 22.5 23.2
2023-05-30 08:00 AM May 26.7 24.8 24.6
2023-06-29 08:00 AM Jun 26.7


Related Last Previous Unit Reference
Business Confidence 26.70 24.80 points May 2023
Industrial Production Mom -1.20 0.60 percent Mar 2023
Industrial Production -9.00 -1.80 percent Mar 2023
Manufacturing Production -0.90 -0.30 percent Mar 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
26.70 24.80 50.30 -20.90 1997 - 2023 points Monthly

News Stream
Bulgaria Business Morale Highest in 2 Years
Bulgaria’s business confidence indicator rose to 26.7 in May 2023 from 24.8 in the previous month. It was the highest reading since May 2021, as entrepreneurs grew more optimistic on the current business situation of the enterprises (41 vs 36 in April), their expectations on the production over the next three months (16.2 vs 11.2) and employment for the upcoming three months (8.6 vs 7.5). Additionally, they were less pessimistic about new orders (-16.4 vs -17.5) and export orders (-21.9 vs -22.2). Concerning selling prices, companies expect them to remain unchanged over the next three months.
2023-05-30
Bulgaria Business Mood at Near 2-Year High
Bulgaria’s business confidence indicator increased to 24.8 in April 2023 from 22.5 in the previous month. The latest figure marked the strongest reading since May 2021, due mainly to increased optimism about expectations on business situation for the next six months (14.5 vs 13.1 in March) and employment for the upcoming three months (7.5 vs 7.1). Moreover, businesses were less pessimistic about new orders (-17.5 vs -17.7), export orders (-22.2 vs -22.8) and stocks of finished goods (-0.7 vs -2.3). Meanwhile, sentiments were less positive about production (11.2 vs 12) and selling prices (4.5 vs 8.5) over the next three months.
2023-04-28
Bulgaria Business Confidence Slightly Weakens
Bulgaria’s business confidence indicator eased to 22.5 in March 2023, from a near two-year high of 23.3 in the previous month, as entrepreneurs were less optimistic about their expectations on the business situation of the enterprises over the next six months (13.1 vs 15.3 in February) and production over the next three months (12 vs 15.5). At the same time, businesses grew more pessimistic about export orders (-22.8 vs -21.5) while stocks of finished goods turned unfavorable (-2.3 vs 0.4). By contrast, current assessment about orders grew less pessimistic (-17.7 vs -19.2) while prospects over the next three months regarding employment increased (7.1 vs 5.5). Concerning selling prices, companies expect them to ease over the next three months.
2023-03-30