保加利亚SOFX指数 (SOFIX) 加自选

保加利亚的商业信心指数从前一个月的18.8降至2025年10月的15.5，为3月以来的最低水平。对当前商业形势的评估减弱（9月份为17.8比23.7），同时未来三个月生产活动（5.9比10.6）和就业（4.0比4.3）的前景恶化。与此同时，对未来六个月商业形势的预期有所缓和（13.2比14.1），而对订单水平的悲观情绪加剧（-18.5比-15）。不确定的经济环境（44.9比40.9）和劳动力短缺（36.0比36.6）仍然是企业发展的主要障碍。与此同时，预计未来几个月销售价格将保持稳定，余额指标将从9月份的6.9升至9.3。

Bulgaria’s business confidence indicator fell to 15.5 in October 2025 from 18.8 in the previous month, marking the lowest reading since March. Assessments of the current business situation weakened (17.8 vs 23.7 in September), alongside a deterioration in outlook for both production activity (5.9 vs 10.6) and employment (4.0 vs 4.3) over the next three months. At the same time, expectations for the business situation over the next six months eased (13.2 vs 14.1), while pessimism heightened about the level of orders (-18.5 vs -15). The uncertain economic environment (44.9 vs. 40.9) and labor shortages (36.0 vs. 36.6) also remained the main obstacles to business development. Meanwhile, selling prices are expected to remain stable over the next months, with the balance indicator rising to 9.3 from 6.9 in September.

保加利亚的生产者价格指数在上个月上涨7.9%后，于2025年9月同比上涨8.4%。这标志着生产者通胀连续第11个月出现，因为采矿和采石业（8月份为22.4%对14.4%）和制造业（11.4%对10.2%）的价格大幅上涨。另一方面，电力、天然气、蒸汽和空调供应的成本有所下降（10.6%对11.9%）。按月计算，9月份生产者价格指数下降0.4%，而前一个月下降0.2%。

Producer prices in Bulgaria increased by 8.4% year-on-year in September 2025, following a 7.9% rise in the previous month. This marked the eleventh consecutive month of producer inflation, as prices rose sharply in mining and quarrying (22.4% vs 14.4% in August) and manufacturing (11.4% vs 10.2%). On the other hand, costs eased for electricity, gas, steam and air-conditioning supply (10.6% vs 11.9%). On a monthly basis, producer prices fell by 0.4% in September, after a 0.2% decline in the prior month.

2025年9月，保加利亚的游客人数同比增长3.5%，达到四个月来的最低点131万人，较8月份的6.3%有所缓解。尽管如此，所有旅行目的的旅行都有所增加，其中大多数是度假和娱乐（46.8%），其次是其他目的（43.2%）和专业目的（10.0%）。欧盟占保加利亚总访问量的54.3%，罗马尼亚游客人数最多（32.2%），其次是德国（14.9%）、希腊（13.7%）和波兰（12.8%）。来自其他欧洲国家的入境者占总数的36.7%，主要来自土耳其（42.2%）。

The number of tourist arrivals in Bulgaria rose by 3.5% year-on-year to a four-month low of 1.31 million in September 2025, easing from a 6.3% increase in August. Still, trips increased across all travel purposes, with the majority made for holiday and recreation (46.8%), followed by those with other purposes (43.2%) and professional purposes (10.0%). The EU constituted 54.3% of the total visits to Bulgaria, with the largest number of visitors from Romania (32.2%), followed by Germany (14.9%), Greece (13.7%), and Poland (12.8%). Arrivals from other European countries accounted for 36.7% of the total, mainly from Turkey (42.2%).

保加利亚的经常账户盈余从去年同期的6.923亿欧元大幅收窄至2025年8月的3.016亿欧元。这主要是由于商品账户赤字急剧增加，从一年前的1.845亿欧元扩大到4.47亿欧元。此外，主要收入赤字从2.105亿欧元增至3.815亿欧元。相比之下，服务盈余从10.253亿欧元增至10.667亿欧元，二级收入盈余从6200万欧元增至6330万欧元。

Bulgaria’s current account surplus narrowed significantly to €301.6 million in August 2025 from €692.3 million in the corresponding month of the previous year. This was mainly due to a sharp increase in the goods account deficit, which widened to €447.0 million from €184.5 million a year earlier. Additionally, the primary income deficit rose to €381.5 million from €210.5 million. In contrast, the services surplus grew to €1,066.7 million from €1,025.3 million and the secondary income surplus increased to €63.3 million from €62.0 million.