Bulgaria's Business Climate Worsens in Oct 2012

Bulgaria's total business climate indicator4 decreases by 2.7% as compared as compared with September, according to the country's National Statistical Institute.

The decrease was due to the more unfavourable business climate in all observed sectors - industry, construction, retail trade and services, the institute says.

Bulgaria's business climate in industry decreased by 3.6% in comparison with September which is due to the more reserved managers' assessments and expectations about the business situation of the enterprises.

Bulgaria's business climate in construction worsened by 2.9% due to shifting of the managers' expectations about the business situation of the enterprises over the next 6 months from becoming better towards remaining the same.

The business climate in retail trade decreased by 1.8%  in comparison with September  which is due to the more moderate retailers' expectations about the business situation of the enterprises over the next 6 months.

The composite indicator "business climate in the service sector" decreased by 1.3% compared to the previous month.

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