Bulgária Confiança do Empresário

Bulgaria’s business confidence indicator fell to 17.4 in July 2025 from 18.4 in the previous month. Sentiment regarding the expectation of industrial entrepreneurs on the business situation of enterprises over the next six months (13.3 vs 16.5 in June) declined, while pessimism heightened about the level of orders (-14.9 vs 14). In addition, the 3-month outlook for production activity (8.9 vs 13.8) and employment (2.3 vs 7.5) deteriorated further. However, respondents remained optimistic overall, supported by the improved outlook on the present business situtation (21.6 vs 20.3) and expectations on selling prices over the next three months (7.7 vs 3.2).