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In November 2021, the total business climate indicator decreases by 2.2 percentage


In November 2021, the total business climate indicator decreases by 2.2 percentage points in comparison with its October level as a result of the worsened business climate in construction, retail trade and service sector.

Industry.

The composite indicator „business climate in industry“ increases by 3.2 percentage points, which is due to the more favourable industrial entrepreneurs’ assessments and expectations about the business situation of the enterprises. At the same time, the present production activity is assessed as slight decrease, as the forecasts about the activity over the next 3 months are more moderate. The most serious difficulty for the activity of the enterprises remain the uncertain economic environment, followed by the shortage of labour and insufficient domestic demand. Concerning the selling prices in industry, 22.4% of the managers foresee them to increase over the next 3 months.

Construction.

In November, the composite indicator „business climate in construction“ decreases by 4.1 percentage points as a result of the worsened construction entrepreneurs’ assessments and expectation about the business situation of the enterprises. In their opinion, both the present construction activity and the production assurance with orders have reduced compared to October, and their forecasts about the activity over the next 3 months are more pessimistic. The main problems for the business development continue to be connected with the uncertain economic environment, costs of materials and shortage of labour, as the last inquiry reports an increase of their negative influence. In comparison with the previous month, the managers’ share who forecast the selling prices in construction to increase over the next 3 months is rising.

Retail trade.

The composite indicator ‘business climate in retail trade’ drops by 8.4 percentage points, which is due to the more reserved retailers’ assessments and expectations about the 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 pessimistic. The most serious factor, limiting the activity, continues to be the uncertain economic environment, pointed out by 75.6% of the enterprises. In the background remain the difficulties connected with the insufficient demand and competition in the branch. The retailers’ expectations about the selling prices over the next 3 months continue to be in the direction of an increase.

Service sector.

In November, the composite indicator ‘business climate in service sector’ decreases by 4.7 percentage points as a result of the more pessimistic managers’ assessments and expectations about the business situation of enterprises. Their opinions about the present and expected demand for services are also negative. The main obstacles for the business development continue to be uncertain economic environment and competition in the branch, as in the last month a strengthening of their negative impact is observed. In comparison with October, the managers’ share who foresee the selling prices in the sector increase over the next 3 months is growing.