Bulgaria’s business sentiment index rises by 2.8pp in May

Bulgaria's business sentiment index in May increased by 2.8pp MoM, after rising 3.2pp in April and 2.3pp MoM in March. In May, the business sentiment index was led by the increase of the retail subindex + 10.3pp MoM, followed by the services subindex +1.8pp MoM, and the construction subindex + 1pp MoM. The industry subindex remained flat MoM.