Bulgaria's business climate indicator plunges in April

Source: Xinhua | 2020-05-01

Bulgaria's total business climate indicator in April decreased by 41.7 percentage points compared to the previous month, amid the state of emergency triggered by the COVID-19 pandemic, official data revealed Thursday.

The figure is 37.0 percentage points below the long-term average for the last 10 years, the country's National Statistical Institute (NSI) said.

The composite indicator "business climate in industry" decreased by 31.8 percentage points, due to the pessimistic industrial entrepreneurs' assessments and expectations, the NSI said.

"The uncertain economic environment continues to limit with most extent the activity of the enterprises," the NSI said.

Meanwhile, the composite indicators on business climate in construction, retail trade and the service sector dropped by 45.6 percentage points, 52.0 percentage points and 47.1 percentage points respectively, the NSI said.