In June 2022, the total business climate indicator increases by 1.4 percentage points compared to the previous month as an improvement of the indicator is observed in industry, construction and retail trade.
Industry.
The composite indicator “business climate in industry” increases by 1.7 percentage points. The industrial entrepreneurs’ assessments about the present business situation of the enterprises are optimistic, as their expectations over the next 6 months are favourable. At the same time, their forecasts about the production activity over the next 3 months are improved.
The most serious problems for the business development in the sector continue to be the uncertain economic environment and the storage of labour pointed out respectively by 61.6% and 30.2% of the enterprises. As regards the selling prices in the industry, 29.7% of the managers foresee them to increase over the next 3 months.
Construction.
In June, the composite indicator “business climate in construction” increases by 2.1 percentage points, which is due to the positive construction entrepreneurs’ assessments about the present business situation of the enterprises. Their opinions about the construction activity over the last 3 months, as well as their expectations over the next 3 months, are also improved. However, in the last month, an increase in the number of the clients with delay in payments is reported.
The main obstacles for the activity of the enterprises remain the uncertain economic environment, costs of materials and shortage of labour. According to the last inquiry, the managers’ share who continue to expect the selling prices in the sector to increase over the next 3 months is 52.2%.
Retail trade.
The composite indicator “business climate in retail trade” increases by 1.0 percentage point as a result of the improved retailers’ assessments about the present business situation of the enterprises. Their forecasts about the volume of sales and the orders placed with suppliers over the next 3 months are also optimistic.
The uncertain economic environment, competition in the branch and insufficient demand continue to limit with the most extent the business development, as in June strengthening of their negative influence is reported.
Concerning the selling prices, 46.4% of the retailers forecast them to increase over the next 3 months.
Service sector .
In June, the composite indicator “business climate in service sector” preserves its level from the previous month. The managers’ assessments about the present demand of services are favourable, while their expectations over the next 3 months are reserved.
The main problem for the activity of the enterprises remains the uncertain economic environment. In second and third place are the factors “competition in the branch” and “shortage of labour”.
As regards the selling prices in the sector, 22.2% of the managers foresee them to increase over the next 3 months.