Business barometer polls conducted by the National Statistical Institute (NSI) in November show clear symptoms of worsening of the economic situation in Bulgaria, the NSI said on Thursday. The general "business climate" index decreased by further 5.7 points, which is only 7.1 points up the long-term medium figure for the past ten years. It is due to the pessimistic estimates and expectations of the managers in

The "business climate in industry" index decreased by 8.2 points from the previous month. The decrease results from the "uncertain economic environment".

In November, the increase in the number of clients that delay payments, the unstable economic environment and the inadequate provision of orders bring about a decrease of the "business climate" index by 6.8 points from October. and the shortage of labor remain basic problems for construction enterprises.

The "business climate in retail trade" index dropped by 1.9 points, marking the smallest decrease compared to the other sectors. Retailers identify the competition in the branch, the unsteady economic environment and the inadequate demand as the main problems facing the sector.

The "business climate in services" index decreased by 3.5 points from October. There have been lay-offs in the sector but this tendency is not expected to continue. Managers expect certain drop of prices in the next three months.

Source: BTA