Bulgária Confiança do Empresário

Bulgaria’s business climate in industry fell to 12.5 in December 2025 from 14.6 in November, the lowest since December 2020. Current production activity turned negative (-2.9 vs 1.6), while total orders remained weak (-15.3 vs -15.7), with domestic (-20.3 vs -19.3) and foreign demand (-27.7 vs -23.6) both declining. Stocks of finished goods also fell (-2.5 vs -0.8). Industrial confidence softened (-1.3 vs -3.1%), and employment outlook moderated (1.2 vs 2.1), with six-month business expectations easing (10.6 vs 12.2). On the positive side, production expectations for the next three months improved (9.0 vs 5.6), and selling prices are expected to rise (14.8 vs 10.8). Main obstacles remain the uncertain economic environment (50.5 vs 45.6) and labor shortages (34.8 vs 33.6), while fewer firms reported no difficulties (12.8 vs 14.4).