In May 2016 the total business climate indicator increased by 5.0 percentage points in comparison with the previous month, due to the improved business climate in all observed sectors - industry, construction, retail trade and service sector, the results of the latest survey of the National Statistical Institute (NSI) show.

The composite indicator "business climate in industry" increased by 4.1 percentage points compared to April as a result of the more favourable industrial entrepreneurs’ assessments and expectations about the business situation of the enterprises. Concerning the present production activity, the inquiry registered slight decrease, while the expectations about the activity over the next 3 months were more optimistic.

In May the composite indicator "business climate in construction" increased by 6.7 percentage points, due to the improved construction entrepreneurs’ assessments and expectations about the business situation of the enterprises. Their forecasts with regard to the construction activity over the next 3 months were also more optimistic.

The composite indicator "business climate in retail trade" increased by 7.3 percentage points in comparison with the previous month as a result of the optimistic retailers’ assessment and expectations about the business situation of the enterprises.

In May the composite indicator "business climate in service sector" increased by 2.4 percentage points, due to the improved managers’ assessments and expectations about the business situation of the enterprises.