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Home > We publish > News Releases > Business cycle survey - September 2012
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Business cycle survey - September 2012 Confidence in economy decreased slightly 24 September 2012
Overall confidence in domestic economy decreased slightly in September. The composite confidence indicator (economic sentiment indicator) decreased by 0.2 points compared to August. Among entrepreneurs confidence increased in selected services and in trade; in construction and in industry decreased. Confidence of consumers decreased m-o-m. Composite confidence indicator, entrepreneurs confidence indicator and consumer confidence indicator are lower, compare to September 2011.
In industry, in September, the assessment of current overall economic situation decreased slightly. The assessment of current total demand didn´t change, the assessment of foreign demand increased. According to respondents, stocks of finished goods increased slightly. For the next three months, respondents expect no changes in the development of production activity and a decrease in the employment. Expectations of general economic situation development for the next three months didn´t change, for the next six months are higher than in August. All in all, confidence in industry decreased, compare to August, and it is still lower y-o-y.
In construction, in September, the assessment of current economic situation decreased m-o-m. The assessment of total demand almost unchanged, compare to August. For the next three months, respondents expect a decrease in the development of construction activity and in the employment. Expectations of the economic situation development for the next three as well as six months are lower. Overall, confidence in construction decreased, compare to August, and it is still lower y-o-y.
In trade, the assessment of current economic situation increased, compare to August. The stocks decreased. Expectations of the economic situation development for next three months are higher, for the next six months didn´t change, compare to August. In September, confidence in trade increa
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