Bulgaria: Economic sentiment falls below threshold in February
Latest reading: Economic sentiment dropped to 98.8 in February, following January’s 100.6. The latest reading was below the long-term average of 100, pointing to a muted near-term outlook for the economy and it was the lowest since October 2022.
In February, sentiment darkened in the industrial sector (-3.2 vs -1.3 in January), the services sector (+6.3 vs +9.1 in January) and among consumers (-23.9 vs -23.5 in January). On the flipside, sentiment brightened in the construction sector (+1.8 vs -1.9 in January) and the retail sector (+16.6 vs +13.0 in January).