Bulgaria: Economic sentiment grows more optimistic in August
Economic sentiment came in at 105.6 in August, up from July’s 105.0. As a result, the index inched up higher above the long-term average of 100, pointing to a positive near-term outlook for the economy.
The headline print reflected stronger sentiment in the industrial sector and improving consumer confidence. That said, August marked weaker sentiment in the construction and retail sectors plus waning confidence in the services sector.
Considering indicators that are not used to calculate the index, employment expectations deteriorated, while the economic uncertainty index remained unchanged in August.