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Business climate in Bulgaria remains favourable in March 2007

Date: 29.03.2007

Economic climate in Bulgaria for March 2007 remained favourable as compared to data for February, National Statistical Institute (NSI) said.

The total business climate indicator kept its February level when it reached its long-term maximum since 1994 of 50.7 per cent.

The composite business climate indicator in the industry for March kept its February level as it is only 2.3 per cent lower that the long-term maximum of 50.3 per cent registered in September 2006.

Managers are optimistic about the current state of industrial companies as their expectations for the next six months are the level to remain 57.4 per cent or to improve, NSI said.

Business climate in retail trade for March exceeds the long-term figures although it experienced a one per cent decrease compared to February levels. The decrease was attributed to the expectations of companies for keeping levels unchanged.

Construction indicators remain almost unchanged as well.

The main problems existing in the sector according to construction companies are financial shortcomings and unstable economic environment.

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