November Business Climate Up 1.2 Percentage Points M/M

November Business Climate Up 1.2 Percentage Points M/M

November 29 (BTA) - The total business climate indicator
in November has risen by 1.2 percentage points month-on-month,
the National Statistical Institute said on Friday.

The composite indicator 'business climate in industry'
approximately retains its previous month level. The statistical
survey reveals some optimism in enterprise managers for the next
 six months, combined with favourable expectations about their
operation in the next quarter.

The indicator 'business climate in construction' rose by 2.3
percentage points, due to the favourable assessment and
expectations of construction entrepreneurs. In their opinion,
production orders increased, but their forecasts for the next
three months are slightly lower.

'Business climate in retail trade' rose by 2.7 percentage points
 as a result of improved retailer assessment and expectations
about the condition of enterprises. The forecasts for the volume
 of sales in the next quarter are also favourable.

The service sector retained its October level. Managers are
optimistic about the development of business in the sector over
the next six months, as well as about an improving demand for
services over the next quarter./RY/BR


Source: Sofia