Bulgaria’s business sentiment index down by 1.0% MoM in Sept’24

01.10.2024 Source: NSI; FFBH

In Sept’24, the total business climate index decreased by 1.0% MoM. The composite indicators in Services sector and Construction remained flat compared to the previous month, while Industry dropped 5.2% MoM. The only subsector that improved was Retail trade, which jumped 4.7% MoM. The biggest challenges facing the services sector are economic uncertainty and competition. The problem in the construction sector continues to be the uncertain economic environment, cost of materials and shortage of labour. The main problems facing the industry sector remain economic uncertainty and shortage of labour. Retail trade’s most serious factors limiting activity are economic uncertainty, competition in the branch and insufficient demand.