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Bulgaria Economic Sentiment October 2023

Bulgaria: Economic sentiment picks up in October

Economic sentiment rose to 107.0 in October from September’s 105.8. October’s result marked the strongest sentiment since August 2018. As a result, the index remained above the long-term average of 100, pointing to a positive near-term outlook for the economy.

The headline print reflected stronger sentiment in the industrial and construction sectors, coupled with stronger consumer confidence. Meanwhile, confidence in the services sector softened in October, whereas sentiment in the retail sector weakened in the surveyed month.

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

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