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Bulgaria Economic Sentiment January 2024

Bulgaria: Economic sentiment falls to 10-month low in January

Economic sentiment came in at 106.0 in January, down from December’s 107.4. However, the index remained above the long-term average of 100, pointing to a positive near-term outlook for the economy.

The headline print reflected deteriorating sentiment in the industrial sector and unchanged sentiment in the construction sector. Consumer confidence and sentiment in the retail sector also weakened in the surveyed month. Meanwhile, confidence in the services sector improved in January.

Considering indicators that are not used to calculate the index, employment expectations deteriorated, while the economic uncertainty index rose in January.

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