Bulgaria: Economic sentiment eases in July
Latest reading: Economic sentiment came in at 103.2 in July, down from June’s 104.0. As a result, the index remained above the long-term average of 100, pointing to a positive near-term outlook for the economy.
July’s downtick reflected softer sentiment in the industrial and retail sectors plus cooling confidence in the services sector. Still, sentiment in the construction sector and consumer confidence improved from the prior month.
Regarding indicators that are not used to calculate the index, employment expectations deteriorated, while the economic uncertainty index decreased in July.