Bulgaria: Economic sentiment decreases in December
Latest reading: Economic sentiment came in at 106.2 in December, down from November’s 106.3. 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 weaker sentiment in the industrial sector and deteriorating consumer confidence. That said, December marked stronger sentiment in the construction and retail sectors. Moreover, confidence in the services sector was healthier in December.
Regarding indicators that are not used to calculate the index, employment expectations improved, while the economic uncertainty index increased in December.