Most business expectations scaled up in August this year, particularly those regarding economic performance and personnel recruitment, Central Reserve Bank's (BCR) latest Survey on Macroeconomic Expectations revealed.
Overall, business expectations remained in the optimistic territory in the eighth month of the year, particularly those regarding the economy and the sector in the coming 3 and 12 months.
According to the survey, companies' 3- and 12-month ahead expectations for the economic situation stood at 56.3 and 71 points, respectively, continuing the upward trend seen in
July.
Confidence among businesses about the sector —for the next 3 months— edged up 2 points to 57.8 points. The same indicator for the next 12 months recorded 69.5 points, up 2.9 points from the month before (66.6 points).
On the other hand, companies' 3-month ahead expectations regarding the financial situation for companies inched up to 61.8 points, while expectations concerning demand for the next 3 months dropped slightly to 62 points.
Additionally, 3-month ahead expectations for personnel recruitment scaled up to 51.6 points in August.
On the other hand, companies' 3-month ahead expectations for their own situation increased to 56.9 points in August, slightly up from July's 56.5 points.
As per level of production, expectations inched up to 56.6 points, while confidence about purchase orders stood at 55.4 points, over the last month.
(END) JJN/JJN/RMB/MVB
Published: 9/8/2017