In November 2013 the total business climate indicator increases by 1.7 percentage points compared to its October level which is due to the more favourable business climate in industry and service sector. This is what the business surveys data of National Statistical Institute show.
Industry. The composite indicator “business climate in industry” increases by 4.3 percentage points in comparison with the previous month due to the improved managers’ assessments and expectations about the business situation of the enterprises. However the present production activity is assessed as decreased, as the expectations over the next 3 months are also more unfavourable compared to the opinions expressed last month.
The uncertain economic environment and insufficient domestic demand remain the main obstacles for the business development in the branch, pointed out by 55.4% and 43.3% of the industrial entrepreneurs respectively.
As regards the selling prices the prevailing expectations are for preservation of their level over the next 3 months.
Construction. In November the composite indicator “business climate in construction” remains approximately to its October level. Construction entrepreneurs’ expectations both about the business situation over the next 6 months and the construction activity over the next 3 months are more unfavourable.
The main factor limiting the activity in the branch continues to be the uncertain economic environment, followed by the financial problems. At the same time the inquiry reports strengthen of the negative impact of the factor “competition in the branch” (by 4.4 percentage points).
Concerning the selling prices in construction the managers expect them to remain unchanged over the next 3 months.
Retail trade. The composite indicator “business climate in retail trade” decreases by 0.6 percentage points which is due to the more moderate retailers’ expectations about the business situation of the enterprises over the next 6 months. Concerning the volume of sales and orders placed with suppliers their expectations over the next 3 months are also more reserved.
The uncertain economic environment and insufficient demand remain the factors limiting with the most extent the business development in the branch, as in November a decrease of the negative impact of the third most important factor “competition in the branch” is observed (by 6.0 percentage points).
As regards the selling prices the retailers foresee preservation of their level over the next 3 months.
Service sector. In November the composite indicator “business climate in service sector” increases by 0.9 percentage points due to the more favourable managers’ assessments about the present business situation of the enterprises. However, as regards to the present and expected demand for services their opinions are more reserved.
The main obstacle for the development of the activity in the branch continues to be the uncertain economic environment, followed by competition in the branch. However in the last month the inquiry registers strengthen the unfavourable influence of the factor “insufficient demand”.
Concerning the selling prices in the service sector the managers expect them to remain unchanged over the next 3 months.