Bulgaria’s business sentiment index tumbled 5.6% MoM in Oct’24
31.10.2024
Source: NSI; FFBH
In Oct’24, the total business climate index decreased by 5.6% MoM. All four subsectors registered deteriorations with Retail Trade dropping the most (-11.6% MoM), followed by Industry (-5.0% MoM), while Services and Construction marked 3.8% and 2.2% monthly drops, respectively. The biggest challenges facing the services sector are economic uncertainty and shortage of labour. 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.