Bulgaria: Economic sentiment increases in May
Latest reading: Economic sentiment came in at 103.5 in May, up from April’s 102.6. 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 stable sentiment in the industrial sector and healthier sentiment in the construction and retail sectors. Moreover, consumer confidence increased. Meanwhile, confidence in the services sector deteriorated in May.
Regarding indicators that are not used to calculate the index, employment expectations improved, while the economic uncertainty index rose in May.