In July 2009, the total business climate indicator decreased by 1.2 percentage points from June with industry and retail trade as the aggravating factors, the National Statistical Institute (NSI) said on July 28 2009, Bulgarian news agency BTA said. Variations in the positive direction of the business climate indicators were registered in the construction and services sectors in July. The month saw the composite business climate indicator in industry decrease by 4.3 percentage points from June, reaching an all-time nadir after an alr eady worsening trend.The decrease was due both to lower
ed managers' evaluations of the present business situation and to more pessimistic expectations about the next six months. The July business climate poll found decreased production activity of industrial enterprises, but the rate of decrease was lower than in the previous months. The order book of industrial enterprises (measured in number of months) dropped from 5.0 in April to 4.4 months in July. In 2008 the average order book was 5.9 months long. The average capacity utilization in industry continued to decrease, reaching 63.9 per cent in July. Its 2008 average was 74.9 per cent. Dnevnik said that managers in all four sectors were preparing to cut more staff in coming months. The industrial sector is suffered the severest pressure, seeing its business climate index tumbled by 4.3 per cent month-on-month to a seven-year low at 11 per cent. The outlook for the next half is as downbeat. Retail companies also consider the environment has deteriorated from a month before, dragging the index by 1.5 points as sales slipped deeper, spelling more trouble in the coming months, Dnevnik reported. Expectations that it had finally hit the bottom gave rise to a 2.4 point increase in the construction indicator. But while optimists in July outnumbered those in June, the NSI registered a drop in orders combined with an increase in delayed payments from customers. The services sector indicator also reflected upbeat expectations, going up by 1.6 points from June on the back of relatively better assessment of the current business environment, Dnevnik reported the NSI as saying. Assessment for demand in the past three months was also positive but the six-year outlook is negative.
ed managers' evaluations of the present business situation and to more pessimistic expectations about the next six months. The July business climate poll found decreased production activity of industrial enterprises, but the rate of decrease was lower than in the previous months. The order book of industrial enterprises (measured in number of months) dropped from 5.0 in April to 4.4 months in July. In 2008 the average order book was 5.9 months long. The average capacity utilization in industry continued to decrease, reaching 63.9 per cent in July. Its 2008 average was 74.9 per cent. Dnevnik said that managers in all four sectors were preparing to cut more staff in coming months. The industrial sector is suffered the severest pressure, seeing its business climate index tumbled by 4.3 per cent month-on-month to a seven-year low at 11 per cent. The outlook for the next half is as downbeat. Retail companies also consider the environment has deteriorated from a month before, dragging the index by 1.5 points as sales slipped deeper, spelling more trouble in the coming months, Dnevnik reported. Expectations that it had finally hit the bottom gave rise to a 2.4 point increase in the construction indicator. But while optimists in July outnumbered those in June, the NSI registered a drop in orders combined with an increase in delayed payments from customers. The services sector indicator also reflected upbeat expectations, going up by 1.6 points from June on the back of relatively better assessment of the current business environment, Dnevnik reported the NSI as saying. Assessment for demand in the past three months was also positive but the six-year outlook is negative.Source : http://www.sofiaecho.com/2009/07/29/762733_bulgarias-business-climate-worsens-in-july-for-third-straight-month
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