Bulgaria: Economic sentiment drops in March
Latest reading: Economic sentiment dropped to 97.5 in March from February’s 98.8. The latest reading was below the long-term average of 100, pointing to a muted near-term outlook for the economy and was the lowest since May 2022.
In March, sentiment darkened in the services sector (+3.8 vs +6.3 in February), the retail sector (+13.5 vs +16.4 in February) and among consumers (-25.5 vs -23.9 in February). On the flipside, sentiment brightened in the industrial sector (-1.4 vs -3.2 in February) and the construction sector (+2.0 vs +1.8 in February).