Bulgaria: Economic sentiment picks up in March
Economic sentiment came in at 105.4 in March, up from February’s 103.6. As a result, the index remained above the long-term average of 100, pointing to a positive near-term outlook for the economy.
The headline print reflected healthier sentiment in the industrial sector and stronger sentiment in the services and retail sectors. Moreover, consumer confidence increased in March. On the downside, sentiment in the construction sector weakened.
Considering indicators that are not used to calculate the index, employment expectations deteriorated, while the economic uncertainty index fell in March.