The total business climate indicator decreases by 0.9 percentage points in comparison with May, the National Statistical Institute reported
Industry. The composite indicator ‘business climate in industry’ remains to its level from the previous month (from 17.8% to 17.5%). The industrial entrepreneurs assess the present production activity as reduced, while their expectations about the activity over the next 3 months are favourable.
The uncertain economic environment and shortage of labour continue to be the main problems for the business development, as in the last month strengthening of the negative influence of the first factor is observed . Regarding the selling prices in the industry, the managers do not expect a change over the next 3 months .
Construction. In June, the composite indicator ‘business climate in construction’ preserves approximately its May level (from 31.4% to 31.0%). In the construction entrepreneurs’ opinion, the present construction activity is improved, while their expectations about the activity over the next 3 months are more reserved.
The most serious difficulties for the activity remain the uncertain economic environment, shortage of labour, costs of materials and competition in the branch, as compared to the previous month a decrease of their negative impact is reported.
Concerning the selling prices in the construction, the majority of the managers’ forecasts are them to remain unchanged over the next 3 months.
Retail trade. The composite indicator ‘business climate in retail trade’ drops by 2.3 percentage points (from 40.6% to 38.3%) as a result of the more moderate retailers’ assessments and expectations about the business situation of the enterprises. Their forecasts about the volume of sales and orders placed with suppliers over the next 3 months are also reserved.
The competition in the branch, uncertain economic environment, insufficient demand and shortage of labour continue to be the main obstacles for the business development. Regarding the selling prices, the retailers’ expectations are for preservation of their level over the next 3 months.
Service sector. In June, the composite indicator ‘business climate in service sector’ decreases by 1.2 percentage points (from 19.6% to 18.4%), which is due to the unfavourable managers’ expectations about the business situation of the enterprises over the next 6 months.
Regarding the demand for services, the present tendency is assessed as favourable, while the expectations over the next 3 months are more negative.
The main factor limiting the activity remains the uncertain economic environment, pointed out by 45.1% of the enterprises. In second and third place are the competition in the branch and shortage of labour. Concerning the selling prices in the service sector, the managers foresee them to remain unchanged over the next 3 months.