The industrial confidence indicator in Bulgaria rose to 27 in November of 2018 from 25.2 in the previous month. Prospects for business situation over the next six months improved (16.9 from 13.4 in October); and expectations over the next three months regarding the selling price (5.4 from 3.8) and employment (-0.1 from -1.5) increased. On the other hand, expected production over the next three months deteriorated (11.1 from 13.9). Business Confidence in Bulgaria averaged 21.53 Index Points from 1997 until 2018, 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 31.00 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 24.00 in 12 months time. In the long-term, the Bulgaria Business Confidence is projected to trend around 22.00 Index Points in 2020, according to our econometric models.