The industrial confidence indicator in Bulgaria fell to 23.9 in August of 2019 from 24.7 in the previous month. It was the lowest reading since November of 2016, as prospects for selling prices over the next three months fell to 1.3 from 4.0 in July. Meanwhile, expectations over the next three months regarding production (14.2 from 13.4) and employment (0.5 from -3.1) improved while prospects for the business situation over the next six months increased to 16.0 from 15.3. Business Confidence in Bulgaria averaged 21.68 Index Points from 1997 until 2019, reaching an all time high of 50.30 Index Points in July of 2007 and a record low of -20.90 Index Points in February of 1997.
Business Confidence in Bulgaria is expected to be 24.00 Index Points by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Business Confidence in Bulgaria to stand at 18.00 in 12 months time. In the long-term, the Bulgaria Business Confidence is projected to trend around 21.00 Index Points in 2020, according to our econometric models.