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Bulgaria Economic Sentiment February 2024

Bulgaria: Economic sentiment eases in February

Economic sentiment came in at 103.5 in February, down from January’s 105.9. February’s result marked the lowest sentiment since June 2023. The index remained above the long-term average of 100, pointing to a positive near-term outlook for the economy.

The headline print reflected languished sentiment in the industrial and construction sectors. Additionally, confidence in the services sector weakened in February, whereas sentiment in the retail sector deteriorated in the surveyed month. Lastly, consumer confidence softened in February.

Regarding indicators that are not used to calculate the index, employment expectations were healthier, while the economic uncertainty index rose in February.

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