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Bulgaria Economic Sentiment May 2024

Bulgaria: Economic sentiment rises in May

Economic sentiment came in at 105.0 in May, up from April’s 104.4. Consequently, the index remained above the long-term average of 100, pointing to a positive near-term outlook for the economy.

The headline print reflected improved sentiment in the industrial sector. Moreover, confidence in the services sector was healthier in May, while sentiment in the retail sector rose in the surveyed month. Similarly, consumer sentiment rose in May. Less positively, sentiment in the construction sector deteriorated.

Referring to indicators that are not used to calculate the index, employment expectations improved, while the economic uncertainty index decreased in May.

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