Business expectations continued to improve in November 2020, in a context of economic recovery,
Central Reserve Bank's (BCR) latest monthly survey revealed on Friday.
According to the issuing entity, business expectations concerning
the economy for the next 3 months continued showing signs of recovery for the seventh consecutive month, going up to 53 points, while expectations for the next 12 months stood at 69 points.
Likewise, 3-month ahead respondents' expectations on the sector went up from 51 points in October to 55 points in November, while expectations for the next 12 months rose from 67 to 70 points in the same period.
Moreover, respondents' expectations on the situation of their companies for the next 3 and 12 months went from 52 and 69 points in October to 56 and 71 points in November, respectively.
Meanwhile, 3-month ahead expectations about the demand for their products rose from 52 to 58 points, while those for the next 12 months expanded from 69 to 71 points.
Furthermore, personnel recruitment expectations for the next three months grew from 45 to 48 points, and the 12-month ahead expectations did so from 55 to 57 points.
On the other hand, the indicator of respondents' expectations about their companies' investment for the next 3 months increased from 44 points in October to 48 points in November, whereas those for the next 12 months went from 55 to 60 points.
Among the indicators of the current situation, the business indicator increased from 41 points in October to 44 points in November, while the level of sales went up from 50 to 55 points in the same period.
Meanwhile, the production indicator remained unchanged in November at 52 points.
The demand and purchase orders indicators reached 40 and 51 points, respectively, in November, compared to 36 and 49 points the month before.
(END) NDP/CNA/JJN/RMB/MVB
Published: 12/4/2020