Business expectations regarding economic performance for the next 3 and 12 months scaled up in October 2017, thus recording the highest results in the last 4 and 6 years respectively, Central Reserve Bank (BCR) informed.
According to BCR's latest Survey on Macroeconomic Expectations, companies' 3-month ahead
expectations for economic situation reached 64 points last October. This was the highest level registered since March 2013.
Likewise, the same indicator for the coming 12 months went up to 78 points, the highest since 2011.
On the other hand, confidence among businesses concerning their sector —for the next 3 and 12 months— remained in the optimistic territory, thus reaching 62 and 73 points, respectively.
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The survey also revealed that 3-month ahead
expectations for personnel recruitment stood at 52 points.
Moreover,
expectations regarding both, companies' financial situation and product demand for the next 3 months reached 63 points each.
(END) JAA/MVB