Bulgaria: Economic sentiment falls in July
Economic sentiment dipped to 105.0 in July from June’s 106.0. That said, the index remained above the long-term average of 100, pointing to a positive near-term outlook for the economy.
The moderation largely stemmed from waning consumer confidence. More positively, July saw stable sentiment in the industrial sector and healthier sentiment in the construction and retail sectors. Moreover, confidence in the services sector improved in July.
Relating to indicators that are not used to calculate the index, employment expectations were healthier, while the economic uncertainty index decreased in July.